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Show KICK TIES LID OFF PRORATION (Inland Oil Index) Proration of crude oil production has proved a failure. The proration prora-tion lid should be lifted. If there is too much oil, open the wells j and let it come out. If a man is sick he ius something in his stomach that does not agree with him, the quicker he gets rid of it the sooner he will get well. "Potential "Po-tential production" is a nightmare. It is being held over the heads of the producers as a club. Fields rated as having millions of barrels bar-rels of daily production simply haven't got it. There is a vast difference between potential production pro-duction and actual production. If all of the flush oil fields in the country now under proration were allowed to produce to full capacity, capac-ity, in less than 30 days 'time the gushers would be producing about one-tenth of what they are rated. About all that is the matter mat-ter with the oil industry now is that there is too much control, both state and federal. |