OCR Text |
Show Stop The Waste ! Overproduction of oil with the usultant waste of an irreplacabla i and limted national resource, is not only the oil industries problem, hut the public's as well. j The conservation movement isi primarily in the public interest. We are depleting our oil reserves, according to the Federal Oil Con-sservation Con-sservation Boara, several times faster tnan the rest of world. Only On-ly by rigid adjustment of supply and demand can waste be outlawed, the industry stabilized and our own future generations assured of a steady, adequate and reasonably priced supply of petroleum products. prod-ucts. The fear that conservation would lead to a monopoly is unfounded. Oil is one of the most highly competitive com-petitive of all industries and will remain so. But it is necessary that the mad scramble of irresponsible irrespon-sible producers to earn quici profits prof-its be permantly stopped. Success, according to the experts, is in sight, with the adoption of the eunit sstem of operation in various var-ious important fields. The day of oil waste may be coming to an end. The principal beneficiaries from restrained, orderly production of oil will be the American people. |