Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-12-22
OIL MEN SOON MUST
HIT FOREIGN FIELD
Time Not ISr Distant " hen Nncrl-
can Petroleum YIN Not Ne Able
To supply Demand
ny VAN u MANNING

Ni''''hA wv VI INV fhlffhn fNf W tlfN '
! assume that YOU who represent
"" OIL Industry have already rnuHid
rr"d a combination ~ Interests 90
'ngagr IN export trade \ stui, -
~" political and commercial control
/ 'f the petroleum resources ~ 'Ic
world presents some interesting ti,ts
That the rest ~ the world H. an
'l'lpaiing u renewed rffuri Tor trade
tni a greater development In seen IN
one inrihn". IN tho formation Ut 'hr
Snrirtr Mineralr e. MitrtuN tsu,IcN
NJ Minerals and Metalsl which Naa
organized On the sygrcsiluu ~ the
French ministry ~ commerce. aud 100.
duHlrN aud has Tor lls principal
! objects.
The commerce ~ ore. metal
'urgical products ana metals
The establishment ~ close rr
hilons with IA" mineral aud wetil
Iurgical industries ~ the allied rouu.
/ tries
The Development IN France ~
'h' mining ana mriHi,urgi,N indus.
! 'tIr4
This company has been orF,niyrd
with cawtal of 10 0OO oun francs
ana comprises among llr snirrholi.
rra "G French mining ana mcluur
sloal intereSls IN france. Spain MoN
leo Algeria, Tunls serbia. chic lin
VIVA. italy ana Russia The vu,lr'N
proposes To establish research wurk
m large scale
Big Undertaking
To make a survey ~ the prfIp.
'ruin industry Hr u whole b. NrrN
considerable undertaking even when
the industry ana It's allied Industries
ste operating under norma ,uudl
lions but to ptesunip 10 drlinrafc tho
probable course, that the tudusir, nv
t's many phaHrs NAV take ui the
present moment IN a much mut. nm.
certain task especially 80 when the
Industrial world IN IN transitional
stake, converting It's cfturtA from
those ~ war To- those ~ prscg and
IN many cases the conversion does
not mean resuming the prr-w war un-
dcrtaking but means reorganlEinp
hustnes, To meet conditions a. they
hever before existed
That there may he u continuous
mppy " petroleum products Tor the
inRest possible period. and that these
same products may be utilized TO
bring the greatest net returns tu the
operator and to the nation. aud the
greatest good to mankind, IN addition
lu considering the possibilities ~ i'm
proved commercial .ffortH ask YOU
To take "A look forward In the realm
~ possible technical research In some
~ the branches OF the petroleum IN
duHtry
SIN looking forward to the i'm
mediate and distant future. call
your attention 10 the time when the
economic balance ~ supply aud de-
mand. adjusted TO corrections for
transportation differences. will make
II necessary for us as a nation 10 de-
velop our greatest Of all petroleum
reserves The oil shales
The Interior department has en-
deavorcd To point out this immense
supply. the geological survey having
mapped and described large areas In
the west and the bureau of mines has
been carrying on laboratory expert
ments for some time past 20 secure
additional Information as 10 the rich
n cHs and possible recovery OF o,l and
ammonia from shales from different
localities Moreover. during the past
year our engineers have assisted IN
the erection OF two small commercial
units, where tests will he carried on
during the coming year. Two of the
bureaus engineers have been recently
abroad looking into the different
phases of the art ot rctOrting shale
and Goals. including a study ~ the
Scottish shale industry.
No job For Small Investors.
II Is unpopular Tor government
official 10 make any statement to the
effect that the development " any
particular natural resource In not a
proper venture for person ~ small
means but nevertheless N IN the
naked truth In the case uf oil Shalc de-
velopmgnt. and ! would be doing the
public and the Industry grave In.
Justice N ! did not warn them Ia 20
slowly n Nmh an undertaking Re
cause. II the first ventures prove TALL
urrr as many ~ those conceived at
present are destined to DO, the public
concerned will lose It's investment and
the industry will receive setback In
the eyes of the future investors.
am fully aware that this is the price
most new enterprises usually pay.
nevertheless. since many Of the pro
motcrs arc baslng their claims ~
wonderful returns upon statements
taken from reports Of the geological
survey and the bureausof mincs, ! fee
called upon TO ask prospective IN
vestors to make "A careful survey OF
the situation by bearing In mind,
however. the oil shalc industry IN not
comparable TO oil well development
and does not promise large immediate
returns on small Investment II n,
I'm reality. ~ large manufacturing en-
terprlac including large scale opera
tions ~ mining, crushing and retnt'-
ing 10 produce the crude materials
oil aud ammonia water. whcreup"n
large and expensive additional cquip
mcnt IN necessary 10 refine the crude
oil and to produce the ammonium
suiphatc.
Hearing IN mind this heavy flr
cost ~ equipment, n must be r"wcm.
h,rrd that the operating expenses
VII be- proporrionately larr" ana
tina, the profit per ton small. ir
uui-ing large tonnage 10 max" u
ventura poAsl bile A concern u' IN"
prrsrnt time should hc equipped ="
1rvelop ready market for all ~ i'r
products and be- financially prepared
10 Withstand not only the comp"uil'1
FROM nearby petroleum fields. hu' .
A.n from other shnle oil plants
NH.N. -. HHH d