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Posts from ‘April, 1929’

Sir Henri Deterding Is Working for Control of Production

Sioux City Sunday Journal April 7, 1929: Page X-9

OIL DIPLOMAT ARRIVES IN U.S.

Sir Henri Deterding Is Working for Control of Production

New York.—(AP)—The rapidly forming league of oil nations, designed to check overproduction of oil through-out the world, has revealed brief flashes of a tireless personality, Sir Henri Deterding.

American leaders of the oil Industry want to keep production in 1929 to the 1928 level of 897,816,793 barrels, or a daily average of 2,453,051 barrels. Sir Henri, who early this month signed a peace treaty with the Russian Oil Products company providing for co-operation and marketing instead of cutthroat competition, came to New York to assist efforts toward similar co-operation In the western hemisphere.

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