Addressing the Challenges of Marginal Petroleum Operations: A Correspondence between Congressman George Schwabe and Petroleum Producer M.J. Graham in 1946, 1946-07-22

The letter is from Mr. Graham, a stripper oil well producer, to Congressman Schwabe, expressing concerns about the removal of subsidies on oil production. Mr. Graham highlights the challenges faced by independent producers, particularly in dealing with excessive water production and low oil prices. He requests Congressman Schwabe's help in increasing the price of oil and ensuring fair competition in the industry. Mr. Graham emphasizes the importance of supporting independent producers who played a significant role in providing cheap oil during the war. Congressman Schwabe responds, expressing his opposition to subsidies and outlining the need for a sustainable solution that does not burden taxpayers. Both parties agree on the importance of protecting marginal operations and finding a balanced approach to support the industry without relying on subsidies.