The Southwestern Historical Quarterly, Volume 67, July 1963 - April, 1964 Page: 278
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Southwestern Historical Quarterly
WOLBERT, GEORGE S., American Pipe Lines (Norman, University of
Oklahoma Press, 1952). 179 pp.
This is an economic study of pipeline organization with a brief historical back-
ground. Texas pipelines are awarded appropriate consideration.
ZIMMERMANN, ERICH W., Conservation in the Production of Pe-
troleum, A Study in Industrial Control (New Haven, Yale University
Press, 1957). 417 pp.
With this exemplary monograph, the late Professor Zimmermann, the University
of Texas' distinguished authority on world resources, offers a most comprehensive
and objective statement on the subject of conservation in the petroleum industry.
The author develops his subject with rare skill, taking pains to set conservation
in its proper historical perspective.
Although this book was made possible by a grant from the American Petroleum
Institute, it appears to be free of any pro-industry bias. Indeed, Zimmermann has
achieved a high degree of scholarly impartiality. He concludes that conservation has
been in the best interests of American society because it has reduced waste, enlarged
reserves, and contributed to price stability. Of course, the industry has profited from
conservation, but not unduly. The author points out that between 1938 and 1953
leaders of the petroleum industry earned 12.9 per cent on net worth-"almost
exactly the same rate as the average earnings for manufacturing or trading cor-
porations." (p. 199)
A real contribution of this work is its analysis of traditional arguments against
conservation. The author explains the positions of such economists as Watkins and
Stocking, and then exposes what he considers their defects. Another strength of the
volume is that the writer makes manifest that his judgments, as must be those of
any scholar, are largely personal and subjective. The fact that these judgments are
supported by an impressive array of facts, presented with extraordinary literary
ability, gives the student ample basis for confidence in the integrity of this work.
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Texas State Historical Association. The Southwestern Historical Quarterly, Volume 67, July 1963 - April, 1964, periodical, 1964; Austin, Texas. (texashistory.unt.edu/ark:/67531/metapth101197/m1/320/: accessed October 21, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting Texas State Historical Association.