Why were Texas oil producers ordered to limit production during the Great Depression?

History

1 answer:

alisha [4.7K]3 years ago

8 0

Answer:

Explanation:

The Texas oil and gas regulator, the Texas Railroad Commission, imposed production limits on producers in the 1930s to try to prop up prices and later was a model for the creation of OPEC. ... Small oil producers would be exempt, Gallagher said.

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