Herbert Hoover actually said...

It it believed that if these two results could be brought about, the industry will soon readjust itself.

No action was taken by Congress upon this recommendation nor upon other plans proposed by the independent oil producers.

In order to prevent enormous waste of gas and oil and to prevent the ruin of the independent oil producers, the Federal Oil Conservation Boa...

The question of prorating of imports has been under agitation as also having a bearing upon the problem.