Show oil 11 IKO SAID TO RE BE DECLINING FAST io 10 angeles march 4 product on in the great oil fields of califor nia is declining fast and one of the rca test needs reeds of the indu industry itry is for continued exploration on a scale that will meet constantly increased increased cc de r lands according to paul shoup vice president of the southern pacific railway and president of the pacific oil companies who ad A associated the advertising here toda tells mr nir shoup declared that the three areat fields of santa fe springs huntington beach and signal hill at beach all in california we were ing long marked falling lalling off in their showing bing he ile added that the field fields although cow they had produced produce i 1 approximately alv worth of oil to late had not yet returned the amount in them invested of money the supply of gasoline in the unit ei ed state states mr ir shoup placed at less 1 enough to meet the nation nations than ecat d for sixty ty days th thie is wae was being r augmented aurmen ted by oil comine coming in corage declared he I 1 and lut t he doubted if thia addition krould than meet consumption more the rho railroad and oil 01 executive ve de red that the oil industry wished K the w bole truth I 1 brought out in the it inquiry nt tit washington n while he deplored any effort to drag in per pei onal opal ean drency 9 |