The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1915-11-26

PREDICTION MADE THAT
CRUDE IN OKLAHOMA
WILL REACH 50

tTUue Oh at ~ bdlIeli lAe hlENest
point it has reached in several years,
the Oklahoma oil fields are now en-
gagged upon their busiest period OF
petroleum production.
This is especially noticeable in
= t.Ie shallow sand districts where small
wells did not pay a profit on the rec
ent low market, and in the Gushing
field where enormous wells at a
greater depth are the rule That Pc
troleum will reach the "$2 mark in
Oklahoma, within the next six months
is the general conviction among pro-
ducers.
Since August crude oil has ad.
vanced from 40 cents barrel, at
which price it had been stationary
for long time, to the present sched-
ule of ST. For the 81 notch to be
reached within six months, the ratio
OF advance will not need be so great
as It has been within the past ninety
days.
Henry II. Tucker, Jr, President of
The Uncle Sam Oil company, the sue.
cessful competitor of the oil trust, in
discussing the current oil situation at
independent oil headquarters in
this city said today:
The present era is truly the age
of oil There is multiplied world
wide demand for the various refin..
cd products. EcoI.Smic conditions of
wide import are responsible for this
Both at home and abroad there is an
Increasing demand, the latter condi-
tion being caused by the prostratlon
of the Baku and Galicia oil fields in
Europe.
The low price for petroleum which
the oil trust sustained for so long,
reduced its reserve stocks to a per.
ilous margin, and as consequence
It is now engaged in a clomorous
campaign for more production. A
reprehensible practice it is pursuing
in bringing this about Is its induhtri-
OTIS use, in the columns of trust-con-
trolled newspapers, Of oil romances'
calculated to induce large nurNers of
the unwary to wildcat NN-Ae the
oil business is now reaching its
greatest height Of Importance, indis-
crjminate drilling for wells by indi-
viduals and small companies, with
but a limited acreage at their COM
mand, is to be deprecated because
such movements simply pay the
game of the big cineh, which later
comes along and gobbles up the prop
critics thus pioneered. 1t has always
been the policy of the oil trust to ell
inmate the hazard of discovering oil
fields and of drilling for oil wells, so
far as its own operations have been
concerned. While the oil industry
offers the largest opportunity for
profit of any field Of human endeayor
yet it is replete with Hazard. The
more wells company drills, natural
ly enough contributes to the better
chance to make its properties pay,
along in line with the law of general
average. The risk legitimately run
by producers has never appealed to
the oil trust. It simply buys the pc
troleum when it IS brought to the
surface and invariably at its own
price
THE independent reFineries which |
are dependent upon the market fixed
by the oil trust for their petroleum. |
and which do not own production Of
their own, are having hard time Of
it. A successful competitor Of the
oil trust. such as this organization |
has become, must have petroleum pro
ducticn of its own. The terrible ex-
per,enees covering a period Of forty
years, during which time ilnumer-
able organizations have been Sent
ov,ar tie hills because they had to I
rely upon the oil trust for their sup
Ply CT crude, proves absolutely that
this is SO. The Uncle Sam Oil COM
p2ny foresaw the force Of the world
events which has demanded Of the
OIL trust that It augment its stocks of
crude oil, expand its plant facilities
and increase its output In July this
independent Organization added 10
its valush.e acreage in the pr~ed Ok
lahoma porl7 bg annexing re- rich
t~ae.s ~ - crshing field. the pro-
du ten Of wa.ch has caused even the
r zctaa Glenn Peel to become hut a
faded memory Vita the properties
thus acquired We now have about 300
favorable locations for wells. which
will fortify US against being injdrad
in any manner by the manipulations
Df the oil trust.
The age of oil finds this 'inde-