OCR Text |
Show OIL PRODUCTION K H Oil is like any other eominod- J ily, its prico is controlled by Hi supply and demand. In the m mid-west and Texas fields tho H Mipply at present, is greater m than demand, hence. lower pri- m ccs. In California tho demand B ; is greater than supply, hence H .no lowering of prico on tho H Pacific Coast. H ff politicians and law male H ers would confino themselves B to )rotcotiug investors and H citizens in their ))roporty H rights in this and other nn- H t'tons, and help figure out H ways and means to conserve H and uso every drop of oil wo H : produce, tho periodical oil H shortages would ho relieved H , and tho oil industry could pro- H i coed in a normal manner. H The prico of oil cannot be H controlled any more than the H jrico of sugar or any other H commodity. H The sooner wo learn this the H hotter off wo will be. |