Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1910-06-08

1 y - ~ =
the Midway district, near the town O
Maricopa. in Central California-wa
opened up. or, rather opened itsel
up with the force of a volcano, sixty
odd days ago.
Oil Geyser Breaks Loose.
Since the day this oil geyser brok
forth with a torrent of oil that bley
the derrick to matchwood, tore tn
iron pipes from their moorings an,
sent their fragments hurting $50 fee
i'm the air. and flooded the countiY
side for a radius of half a mile will
the inky combustible, this world
champion oil well has flowed will
undeminished volume and has stored
up in quickly-improvised earthen res
ervoirs around its has 4 total of g.,
000, 900 barrels of oil. This grade o
oil is worth at the present averag,
market price. 55 cents per barrel
| which makes the cash value of thi,
one wells production up to date 81.
$50, 900. or en- earning CT -
$27.500 per day. And there G fully
10000 oil wells in Californi;
The recent pI reduction of petroleum
In California is simply staggering. II
has even caused some local alarm and
fear Of over-rpoduction and a conse-
quent decline in prices from lack OF
IN adequate market. Oil has been
struck in such great quantities and at
such widely-separated points in Cali
fornia hat some sober operators are
now seriously declaring it possible
that practically the whole Golden
State rides On top of a subterranean
sea of oil hundreds of miles in eX-
tent and close to the surface at many
points.
Up to the present time the ire
mendous production has been cared
for either by storage in steel and
oarthen reservoirs or by quick trans
p%ortation through pipe lines TO the
s%eaboard. where tank steamers have
received it for shipment to all parts
of the world Consequently there has
been no decline in price nor indica-
ton of demoraliation in the industry.
No Fear of Over Production.
The big men IN the oil Industry of
have no fear of over-pro-
duction or falling prices. They have
confidence in their ability to find a
market for all OF the oil hat can pos
sibly be produced in this state, and
also a means Of transporting it. They
welcome the recent enormous produc-
ton because it VIII permit the storing
and conserving of millions OF barrels,
IN wy ~ IitStiil dilh HlOGDtC~
tive users of petroleum as fuel a per-
Inanency of supply.
Projects for the laying of pipe lines
to cost an aggregate of over $50, O00,-
900 already are under way. one now
will extend from central Cali
into Arizona and into the min
ing fields of Old Mexico.
Uncertainty regarding the perma-
lcncy and adequacy of the oil supply
n California has hitherto prevented
many large fuel consuming
ions from adopting oil, but now that
'ecent developments have proved hat
he supply of fuel oil underlying Cali
is practically limitless, and
hat its production and marketing
been reduced to a business basis,
enterprises are replacing
heir coal burners with oil burners
verywhere. The tig railroads ana
teamship lines all are adopting the
mokeless crude oil for fuel.
Thus the unparalleled petroleum
of California. already rec
snized as the eighth wonder of the
iorld. promises to be an epoch maker
civilizations industrial progress.
or years scientists have sounded
'arnings of the approaching exhaus-
on of the coal and wood supply of
earth, but an alI-wise Providence
as now provided a substitute in the
1rm of great deposits of petroleum,
cher and better than the original
apply.
RevoIutionizcs Worlds Industry.
California has recently taken the
ad in bringing forth this precious
uid, and having demonstrated to the
GRID that its supply is practically in
lhaustible. a revolution is being
rought about that is rapidly making
h first and foremost fuel |
all lines of industry throughout the
GRID. No imagination can conceive
! that this means.
Beginning with the adoption of oil ]
fuel for locomotives BY the South !.
n Pacific railroad a few years ago, .
5 use has gradually extended in the :
nited states until now an the rail- :
'ads on the Pacific oas burn it cX- +.
usively. Big eastern railways have +.
Gently made arrangements to en- :
oy IT. Steamships have been con !
into oil burners. office build |
rs now utilize it Tor heating ana j
'wer purposes. Crude oil is being !
to generate power for mining 1
'mpanies and e the restaurant \
tchens all over the west are /
tipped with oil burners. The navies u
the United states, Great Britain !
ID Japan have decided to adopt it. 4
le American navy already has /
tipped its Pacific ocean vessels for !
e burning of oil, including the tor J
do f~lotilla, and naval oil stations are \
be located al along the Atlantic \
asst. 4
\ multitude of other new and varied j
Is are being discovered for crude \
!. a recent invention makes il 4
for smelling ores and for 4
making. Los Angeles has COM \
enced using oil for manufacturing \
a supply. The b%y-products now '
'de from crude oil are so great in =
mber as to be almost impossible Of =
umeration. :
The great production Of oil in Cali
mia has created a Notwithstanding
~ Of m~illionaires. The opportunities
in providing additional stor- 4
e and pipe line transportation facil-
IS, and in searching new fields for
posits have provided unexampled
lnces for capital.
A stream of eastern and foreign
'ney now is pouring into the Golden
Already considerable British
d has been invested in California
development and more will follow =
the full facts are known. :
lewis f. Aubury, state mineralog- 4
today declared that the whole
is at last awakening to the
oil industry. n