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 proration of production in the foreign pools exporting to the United States could [be] brought about as well as a proration of imports into the United States.
Herbert Hoover: “On the 29th of January the Oil Conservation Board recommended to Congress that authority be given to the Federal Trade…”
On the recordMarch 12, 1931
Source
presidency.ucsb.eduEditor's note · Context
Statement on Oil Imports and Production
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