Open Access. Powered by Scholars. Published by Universities.®

Legal History Commons

Open Access. Powered by Scholars. Published by Universities.®

Yale Law School

Commercial Law

Overproduction

Articles 1 - 1 of 1

Full-Text Articles in Legal History

Legal Planning Of Petroleum Production, J. Howard Marshall, Norman L. Meyers Jan 1931

Legal Planning Of Petroleum Production, J. Howard Marshall, Norman L. Meyers

Faculty Scholarship Series

THE heroics of Governor Murray in calling out the troops to close
the oil wells of Oklahoma until such time as purchasers would pay
one dollar a barrel has dramatized the acute problem of low
prices and overproduction which has haunted the petroleum industry
in the past few years. The competitive exploitation of oil
lands has resulted not only in dissipating huge quantities of both
oil and gas through the wasteful rush to market but also in diminishing
profits through the production of oil and gas in excess of
current demands. It has become imperative that the financial
losses of ...