The Archive · 1931

OIL OUTPUT 'AND CONSUMPTION

Oklahoma City, Sept. 12, Representatives of the mide continental oil. companies met, hora to-day, to consider a plan to lift the nation's oil production to a figure of 100,000 barrels under the daily cons lsonption.. This plan, it is Held, would make it. mecestary to draw Jon reserves and thus increase, and stabilize prices and permit the laws fof supply and demand again Jcome operative.

Tu the event that the plan is ape proved the reduction in the nation's foil production to a point of 100,008 barrels a day "under consumption will become effective on October Lim United Press,

Text read from the printed page and cleaned; old type leaves the occasional error.

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