Herbert Hoover actually said...

"The consumption of the United States is approximately 900 million barrels per annum, the imports thus representing something over 11 percent and the exports about 16 percent of the total."

"The State authorities of Oklahoma have brought about similar restraint upon an enormous new pool discovered at Oklahoma City."

"No right may be acquired to the released lands by settlement in advance of entry or otherwise, except strictly in accordance herewith."

"Coincident with these efforts, the State commissions working with other producers of California, Oklahoma, and Texas, brought about proration agreements amongst themselves."