Show I Oil Conservation f Study Authorized V by Industry Heads i TULSA Okla Okia Dec T cc 10 AP AP- AP 1 4 The fhe oil industry hS s represented b bi bithe the board of directors of the tile AmErican Amerlean AmEr Amer- Scan lean Petroleum Institute today stood don principle to a ac ay y c conservation tion b board rd Discussion of ofa a 1 i the In paving the way w for lor study of of the thc conservation r i problem b committees committee i to report on procedure was on the tile ji lips lips' of man many members of the tile oil jf V fraternity which was reported J A nearly 2000 strong at the seventh J V annual meeting of the American Institute concluded last In two resolutions prepared after aCter V two days day in In discussion the directors direr direr- r c tors late yesterday authorized the appointment of a committee of seven seven soyen sev soy en to recommend recommend-a a program of oC V state and federal legislation looking J to legalizing agreements agreements' among producers to curtail pr production in V oil pools when there is is' overproduction I 7 arid and a committee of seven to report leport to the directors on on methods meth of i seduction of gas sas as wastage S The two committees were ap- ap tr f V pointed last night by 13 B. W w. Clark president-elect president of the tile Institute K When the they will report to th tile the diy diV di- di g f. f y V rectors was not not determined |