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...Oklahoma will not cooperate. As soon as the Teagle-Farish restriction program was broached, President E. W. Marland of Marland Oil Co. wrote: "The producers still talk of restricting production by cooperative action, though for 50 years their every attempt along this line has proven futile. . . . Apparently, chaos reigns???but not so. The law of the survival of the fittest continues to operate uninterruptedly, and the fittest are, as usual, earnest in the argument that there should be no other law. The large companies become larger. The small become smaller. The day of the individual producer is passing. The survivors...

Author: /time Magazine | Title: OIL: Organized Production | 5/23/1927 | See Source »

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