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Title: What Federal Control Would Mean To The Oil & Gas Industry
Author: Wm. J. Armstrong
Source: 1940 Southwestern Gas Measurement Short Course (Now called ISHM)
Year Published: 1940
Abstract: I am here to discuss, from a practical administrative standpoint, some of the effects which the proposed bill of regulating the oil industry would have. We have no quarrel with that part of the bill which involves the question of preventing waste in the production of oil and gas, because that questions is not debatable. The controversy concerns the question of what laws, rules and regulations should be established and how, and by whom, these are to be administered without conflict of authority in order to be most effectual and in the best interest of the people and the industry. At the outset, we hold that the regulation of industry should be such as to best serve the interests of the whole people. We hold, at the same time, that an industry as far-reaching as the petroleum industry must not be so over-regulated by duplication of authority that it cannot properly function in the development and production of a product so essential to the Ufe and welfare of the people.

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