Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-12-02

and the w"l,s IN the United states
"erc producing $50 900 barreie a day
ana Mexico was producing 10000
barrels. This EFT a shortage Of lDO,-
900 barrels
VIII Demand for OH Increase
"NOw tho question IN, will tho de-
rnand Tor OIL diminish or Increase now
that the nrmistiro Is signed and
peace Is In sight Before earning
capacity suffers II can really stand a
COnHidcrhble dimunltiOn until the
other oil folds ~ the world which
have been IN a measure impaired hy
the impuisibllity ~ additional dfiil-
ing, INT their strid" Of new prUduc.
ton. Indeed ! should say that n
would he to the interests Of TINS
country that there should be "a slight
dimunltIOn IN the demand. Many
persons however, do not look for
this Sew uses for petroleum and liz
pt0ductH nave como with war and
viii continue with peace.
'Oll AS fuel u enjoying more gen.
cral use daily All nayi"s are being
equipped to bum fuel oil, The Eng
iish and American consumption n
enormous Many ~ the merchant
ships are being constructed 10 burn
fuel oil. In that respect the deyel-
upmcnt Of further exploitation OF the
fields ~ Texas. Mexico and can.
fUrnia arc q GOds"nd 10 our eco.
uumiC lifc We need not suppose be-
cause the thousands Of airplhnes and
tens ~ thouginds of tanks and motor
l"rrics will no longer be engaged In
war-likc pursuits. that the use ~
petroleum for fuel will cease. The
armies must ho Transported their
supplies must y" Transported. France
must be- rebuilt
"GAgOllnn transportation will PLAY
part In this work, which may take
twenty years Of interrupted effort
u may not ho known generally tO
the public that Il number Uf railroads
In the United States are already
adapting their new locomotive equip.
m"nt to tho burning OF fuel oil
Those roads that run through cOal
regions do not need to do 40. but
those roads that can easily tap fields
which are producing heavy and
dense oils, adaptable for fuel. have
estimated that II will he n great econ.
omy The AtchIson. Topeka a. Santa
fe railroad is making such a change
and In turning some OF Its coal burn
ers into oil burnerA Tho Southern
Pacific has entered the oil industry
Itself. and its transactions In petro-
leum figure IN It's most recent finan-
cIal statement.
Period uf OH ROmancc Not Ended.
much has been .writtcn OF the
romance Of oil In the United States;
OF how few dollars invested In
oil % years aRo has resulted In the
amaSsing Of comfortable fortunes
liut In my opinion the period ~
romance OF oil is not ended--it is
only beginning
II can speak entirely Of my own
experience In American oil. and
think the United states will remain
supreme In production for "A very
long time when came TO America
a few years ago and located proper
ties In the GlenpoOl which | am
fond OF describing aS the gardenspot
uf OlldoNr in the world oil was sell
Ing at go cents Il barrel At that
price we made money and the Union
dos petrolcs d'OklahOma acquired
property that stood every test applied
TO investment securities In France and
became listed In the Parquet OF the
Paris hourse. II had IA capital OF
100000 francs and its preferred
shares per cent stock. par 100
francs are worth 12O francs. Now
oil II selling at the well at f2.7b
bhfrel ana inc Union ucS ielToles
haS followed the line Of economic
destiny and become part OF
greater organization known as the
oklahoma Producing & Refining co.
OF America. After 10 years OF sN-
perience In this Glcnpool district, |
will unhesltatingly say that II all the
oil fields Of the United States has as
steady and reliable production AZ
the mid-continent field has. there
would not he cause for apprehension
untll the far distant future.
Peace Industries 10 Take New
Stride.
while | am discussing the posi-
blllty OF increased demand for oil
should like briefly to revert again To
tho world situation regarding all
commodities. Mr.. Hurley and Mr.
SchwRh have been building ships
with the greatest possible speed and
yet the wastaEe OF the war in mer-
chant shipping has not been taken
up. Before the war broke out there
were not sufficient ships to accom-
modate the commerce Of the world.
During the war commerce. except
across the Atlantic. has been greatly
In