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Federal Oil Conservation Board
Defunct U.S. government investigative board From Wikipedia, the free encyclopedia
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The Federal Oil Conservation Board (FOCB) was created by United States president Calvin Coolidge in 1924 to investigate conditions in the oil industry.[1][2] On its creation, the board consisted of the Secretary of War, Secretary of the Navy, Secretary of the Interior, and Secretary of Commerce.[3] Oil industry executives filed a lawsuit through the American Petroleum Institute to prevent the board from having any enforcement power.[4] It was superseded by the Petroleum Administrative Board in 1934.[5]
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