The Board decided that there was nothing they could suggest in the nature of agreement between oil companies for the restriction of production, their belief being that the key of the situation lay in the control of drilling, not in the stifling of production itself through interstate agreement.
The President's News Conference
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More from Herbert Hoover
I propose the adoption of the presentation already made at the Geneva Conference for the abolition of all tanks, all chemical warfare, and all large mobile guns.
I propose that the arms of the world should be reduced by nearly one-third.
I am glad to see the adoption by the Senate and House of the principle of generous relief to unemployment.
While these features in the Wagner and the Garner bills are not in the form and are not as well safeguarded as they should be, they are in line with major objectives I have been advocating.
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