The Petroleum Centre daily record. [volume] (Petroleum Center, Pa.) 1868-1873, 1872-12-10
CONCERNING OIL PAST
PRESENT and Flu rUKE.


In the past With the Producer one slds
and the Re6uer on the other, the oil bust
ness has always been subject to rapid chan
ges-a Kaleidoscope 10 the hands Of y frol-
Icksome child no, more go, aud like 1t 10
the same pieces and colors that We See
shifted little with the aforesaid refusr on
top.
Not long ago one twelfth OF our aonual
production was sscrinced In ihs hope OF af-
fording permanent teli-f TO. the market, and
~stsbllshiDga . paying price for crude. The
ouly parties reully benefited were the ref
mere, who bad large lois Of renued to ssl
OUT on the enhanced price afforded by this
temporary expedlsnt, and the pipe lines,
who embraced the opportunity before the
export trade closed to sell their own and
o.hers' crude at good figure. trusting to
the future without fear, ss Ncawber would
say, "for something 10 turn up" 10 extri-
cate them from any little sbortness that
might threaten them uupieassnhy. The
event has proved that they we're right In
taking The chances. The Rat Com. enc ,ur.
aged poollug, rs they did shutting down,
and very po,npouely and publicly instructed
.bsir agents TO buy only OF the pool. buying
at the same time few thousand barrels NJ
pool pricos.
This made every producer jump neck aod
heels into the pools and when the oil was
thus secured, the too coDtiding producer, 70
often gullrd, waited like the sick did ct the
pool Of Sloan, for . geutls ripple or
slight turn Of The apiggot, that husinsss
might 60 on. But no, 1t came not. Tie
pools ran over 40 the r. G. designed they
should. and the Agency, The hope and stay
OF us all, itself became demorsliz-d, and
" hile waiting for q charter. empicyed their
leisure In shaking hands with the z. G. snd
arriving ~ q BASIS, which may las! 10 days
or 10 days, Or in fac, just 70 long as the
producer can build tankags and the rrtinsrs
can repair their ellis Then when the
production 10 at Its flood, whom the price lie
as depressed rs tight uud stringent money
be found on the Agency desk from tho P.
c. same morning, saying they will buy os
cheap - they can and as much as they
please, resulting in filling their tsnks isr
tbs spring tra6S at any where from 81, so to
$500 oil. This is the most probable end Of
the "Cc-opsrativs" dodge. They will tuy
just enough to amusr us only. just as they
did OF The pools, aud no more, MI they zee
their opportunity to break the Market I'll
up their tar kass with ehsap oil, aud then
Uf course be ready for some plAn-suy plau
that the desperate fortunes Of the produ-
eers may suggest, to raise the price Of crude
Of which the II e. will haye plenty, and
,ha, they may sell refined OF II ~ they did
during The thirty day suspension. 1t il
sbuut time thai tnis souyenss bad IN end
We ought 10 know by ,kis time that the R.
Z. are not and csouot be, and do no. mean
10 be our friends 10 business sense or any
other. As producers, II they were produc
Jog all this oil, IL would need (to yinld q
isir profit) hiring - per barrel. But 20 long
- We are manipulated 80 easily 10 suit thsil
purposes It will average about So per Dbl. -
Cost to them nice little margin. Is there
any way out OF this shuttle-cock policy
Can sny Agency be given . charter that
will siuplify matters and put The crude Oi
trade on lis feet Is . fair payiog business
Gao any amount OF capital likely to be sub
scribed lake care OF the surplus oil tha
must accumulate a. masters now stand. W,
fear No 10 the only answer.
Can any bridge be found to lft us owe
the slough OF despond-,ho mud aud mir
Of our prsssnt condition? Can any way b,
found that will lead 10 ultimate permansne,
aud prospsri,yi.-to = bright snd gloriou
future for the oil business! Yes! Most de-
cidedly-Y-s. 1t is simple aud easy. Th,
producer svsryvhers-in Pennsylvania
Virginia, Ohio and Canads-wherevs
foxnd-uuss bs bis own R-fusr-ei.hsr b,
,udi, idusl or joint enterprise.
1t only wants that tbs T. EP. A. and 1t
Agency, decide that each'dis ricl refius II
oil within their jurisdiction; those, else
where, will follow suit At once Aud thsI
lot the work 10 on at once of building re-
nd