Paper: Preventative Medicine for Pumping Engines

Our entire economy is sick. The illness is generally diagnosed as over-production or under consumption. The disease has become epidemic in the oil producing industry. Some very drastic curative measures are being advocated. The medicine generally prescribed is hard to take and very expensive. Actually, the causes of the malady cannot be eradicated. Barring unthinkable catastrophe, we can expect low allowable and proration for a number of years. Available cheap foreign crude makes prospects for higher crude prices quite unlikely.