Show I 1 PLACING THE FAULT FOR SURPLUS OIL R C holmes president pies ident of the texas company recently stated that if the efforts to bring about satisfactory conservation of petroleum peti oleum which have reen I 1 leen mended by the federal fedrial oil conservation board and various state bodies fail to accomplish all that is desired it will be primarily primal ily the fault of certain units within thecil indus try some time ago the american pet pat IOl culli institute created five regional committees whose duty it was to con sider conditions within their terr territories ito and to make recommendations i for better and more moie economical cono mical oil production these committees committee ces cs found trat oat the amount of crude oil produced in would be sufficient to meet illece the needs of the three years following yet largely due to lack of cooperation era tion production in almost all hilds fields increased inci eased materially matri ally in 1929 where when the average daily in 19 1928 28 was barrels ban els in september 1929 high figure of barrels babich was reached in other words Irr incon spon sible producers motivated orly only by a 8 spirit of personal gain and ness are making the efforts of ci re ie producers produce is to olit outlaid lal waste of our invaluable petroleum peti oleum resources doubly difficult if i the only damai done was to the oil industry it amigh might t not be so serpoui sei ser ioui nut but in the ibe long tull run the general gei iral public to chiun an adequate fair priced supply of oil products pio ducts is essential will gufor |