Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-10-09

must certainly be source OF con-
graduation to oil men everywhere TO
know that there has been no profit
eerinB, that gasoline has been the
cheapest commodity there IL and
that no harm has befallen either The
| independent interests or the stan
dard Oil, or any Of It's subsidiaries.
II has come through a trying ordeal
without scratch
At the Chicago meeting in the
| spring, A. Clark Bedford. who has
| been at the head OF the war service
| board for petroleum, made his debut
and received much applause when he
offered tho independent interests the
| right hand OF fellowship and he has
made good his promises and stands
! higher with the entire oil fraternity
than ever he himself could possibly
have hoped TO do lie has worn
down much prejudice.
At the New York meeting he will
! likely get much very favorable at
tentlon and will be able to give out
something OF interest AS TO what Is
coming after November !. The in
terests Of the entire mid continent
field are hanging in the balance as
the day OF reckoning approaches,
and all are expecting something I'M
portant from him now.
For instance, there Is the very i'm
portant question as 10 how long
after the termination OF the war the
government is TO have control or the
| oil business. In the case Of the rail-
roads, they are assured 10y an act
Of congress OF having control again
after two years and the time Is I'M
| portant as 1t has to do with future
contracts and future plans
| There is the question AS 10 the
| completion OF the plans for extend
| ing a pipe line system at govern %
ment. expense, and the question az
to whether or not there is to be a
raise in price OF both crude and re-
fined products before peace terms
are finally made.
The question OF readjustment after
| the war Is uppermost in every mans
mind and brokers on the stock eX-
change In New York who desire pub
/ licity are saying for publication that
! the United States will be equal to
any and all emergencies, and that
nevertheless the readiustment VIII
present great difficulties. II is hoped
that Mr.. Bedford will be in a posi-
tion to show that. beginning with
| the day that peace is finally de-
! clared, that the oil business VIII
| take on a tremendous activity.
! II may be, too, that the Mexican
situation may be discussed and that
! foreign trade which has been ex-
pected to take up the slack In the
! labor problems will be given some
attention. II does not effect the oil
| business as II does everything else
| but oil men are patriotic and are al
ways looking 10 the future as to
what may happen. They are fully
aware that with the present produc-
| ton the larger interests could easily
control the situation by raising the
price for crude and thus put the re-
| fIners out OF business.
The question OF price is. If course,
Of the greatest interest II has been
a source OF pride that oil has re-
mained stationary up until now, but
| IL rs also equally true that as soon
as the war is over and government
control Is thing OF the past. that
there should be a reversion to the
old law OF supply and demand. and
hence a much better price all
around.
Oklahoma, and Tulsa in particu-
lar, is interested most vitality. That
| the price OF gasoline is lower in
Michigan than here is not only A
demonstration OF the fact that prices
are out OF line and that cotton men
and farmers and stockmen and
packers are all getting what the oil
men are not getting. and 1t would
seem an opportune time before the
time OF readjustment comes that
these inequalities be remedied. The