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Mcallen Daily Press
Mcallen, Hidalgo County, Texas
What is this article about?
In Austin on March 16, Railroad Commission candidate Judge Olin Culberson advocated for a fair, open oil regulation policy in an open letter to oil interests, warning against dishonesty and federal intervention, and stating his election would reduce gas utility excess profits by at least $2M annually after fair probes.
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Open Policy Of
Oil Regulation
AUSTIN, March 16—(Spl) Establishment of a sound, fair and open policy of oil regulation would eliminate even occasional dishonesty on the part of Railroad Commission subordinates, Judge Olin Culberson, Commission Candidate, said in an open letter to the oil fraternity today.
Dishonesty, uncertainty and instability invite a breakdown of public and industrial confidence in state regulation and leads toward undesirable Federal control of oil, Culberson said.
"Fair treatment to all alike is the greatest demand oil men make the commission, and it is the only sound policy to follow," Judge Culberson added.
My election as Railroad Commissioner will ultimately cost the gas utility companies of Texas at least $2,000,000 a year in excess profits they are now charging gas consumers in excessively high rates, but even the utilities themselves will admit that I have never recommended a rate reduction except after open and fair investigation, Culberson said.
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Domestic News Details
Primary Location
Austin
Event Date
March 16
Key Persons
Event Details
Judge Olin Culberson, Railroad Commission candidate, stated in an open letter to the oil fraternity that establishing a sound, fair, and open policy of oil regulation would eliminate dishonesty among Railroad Commission subordinates, prevent breakdown of public and industrial confidence leading to federal control, and ensure fair treatment to all. He added that his election would cost gas utility companies at least $2,000,000 a year in excess profits from high rates, but he only recommends reductions after fair investigation.