Herbert Hoover actually said...

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

"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 Board brought about over a year ago, under the leadership of Se..."