01/10/1932
https://www.presidency.ucsb.edu...
"But such action would have little effect, however, unless the east Texas pool shall be prorated on the same basis as other new pools."
"The Board considers that in the present situation a substantial reduction in imports can be brought about without distributing the price of oil to the consumer, the Atlantic Seaboard can be supplied f..."
"On the 29th of January the Oil Conservation Board recommended to Congress that authority be given to the Federal Trade Commission to effect proration of imports, it being the Board's hope that a prora..."
"On March 5, therefore, the Board, with my approval, requested that importers should each voluntarily prorate their production from foreign pools and their imports into the United States, in order to g..."