| Show Work Wark of Texas Oil Board May Help Keep Armed World From Plunging Into War GULD roaring up from the bowels of ot the th In gushing torrents today revealed as a Hyde personality to the pursuits of peaceful Indus Indus- Indus trill activity oil Is lust just as tally vi-tally vI- vI vItally tally nece necessary ary to the machina machina- machinations machinations of 01 war And upon the shoulders of ce rests resit a l- l which helps keep the lat lat- latter lat latter ter use from coming Into play One fourth of 01 the world B sup sup- supply sup supply ply of ot oil cornea comes from the 70 or more wells which dot the vast lone star state and If It to produce as they could ells literally could flood tho thov v orld market Nature has blessed Texas with nn abundant supply of the pre precious cious clous fuel but tar tar minds have been quick to v hat would happen were pro pro- production pro production snowed allowed to eo go on unregulated Every six years the people go goto goto to the polls and elect three men menas liS members of ot the Texas oil con board And at ot these three men Chairman men Chairman C CV V Terrell Col Ernest Irnest O Thompson and Lon A Smith are lire virtual czars of the oil oU world ONCE NCE every m month 0 nth atter studying the marl market et demand lInd the amount of oil In storage the board Issues a General order each well In the its pro rata share of oil to be b produced during the following month The Th total production fluctuates around bar bar- barrels bar barrels dally Proclaimed by the world pe- pe petroleum pe petroleum congress at Paris as tho program of ot conservation by law never approached any anywhere where here else In the th world the th Texas oil oU board has proved Its worth According to CommissIoner Thompson need tor federal regulation of the oil Industry has vanished and there ther exists only a federal statute to prevent In- In Interstate In Interstate violations of the th regula regula- regulations regulations promulgated by each state Because of the th commission plans and edIcts edict Texas hold ot I only the th balance of power for oil In the th United States but the th situation throughout the world I A 1 il r ti J JH H I 1 11 il 1 Mf 1 4 H A Vf JiG 1 v-r v 1 J Yo A U 1 Activity It In the rich Texas fields field such as shown above Is conducted under the lh atch- atch rul eye of the th Texas on onBoard Board ol or which Col 0 Thompson inset former mayor of f Is a member The quest quest-at quest at times appearIng to amount to a mad race tor race for oU by foreign nations has been In- In Intense In Intense tense Valuable deposits In Mexico RumanIa South America Rus- Rus RussIa Rus Russia sia Iraq Persia and the Dutch Eat Indies largely supply those thos needs at ot present but with the exception of Great Britain no noone noone one country Is 18 in a position to control Q constant unimpeded A AT T this time Rumania Is the L of war oil source supply for the world but should war break out nations would be b forced to Import from elsewhere particularly from the United States w which hie h means Texas all other areas aresi The Th mechanized highly of the world need oiL Airplanes tanks tractors big guns all an de- de depend de depend pend on oil Modern navies de- de developed de developed to the last ounce of effi- effi efficient effi efficient nobility are oil OIt burners Nations which may be contemplating contemplating plating war and others which In panic prepare for it are busy I storing up vast supplies of oil I and furiously scouting about for more markets forI I And the lack Jack of petroleum petroleum-or petroleum orthe the failure to secure may it-may it may be beth I the means whereby a jittery the to the teeth W world 0 rId IS I forced to keep its e elements at bay I |
