Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-06-23

should be discouraged. Since that
time several instances Of Increased 7
price due TO competition have CONS
/ to my attention and force me 20 be-
, iieve that II Ia necessary that some
voluntary action he taken by the in
dustry to establish definite and fixed
I diffcrentials for crude Of various
qualities.
May |, therefore, request that you
will refer the subject to your com
mitieo on production and ask them
to formulate such suggestions Ms
, they deem wise and practical. hay-
ing for their object determination
Of what are reasonable differcntlals
for varying qualities OF crude.
ut ls, Of course. desirable that
coupled with the determination Of
these diffcrentials there should ba
submitted some comprehensive plan
under which the dlffcrcntials can be
made operative once established
as the voluntary act of the produ.
cora take II that the industry win
make II u point of honor to see there
ar" no doyiatiuus,
approach tn g problem without
much, II any suggestion from the
division; keeping in mind. however
the one general thought that II IL
desirable TO have the oil industry.
as n whole, firmly committed TO Ccr.
tain reasonable and stabilized base
prices with certain manufacturing
differentialH and regulations that
win permit of reasonable profits
and maximum output without add
ing to the price Of the finished prod
|, uCt
THAT some such program must OF
, necessity he made effective shortly
/, believe gocs without saying. am
, also persuaded that II can best bo
, outlined by your committee rather
, than by the oil division. as II in
4 Wolves the welfare. not alone ~ tho
4 producer, but Of an branches Of the
I business Any plan viii prove un-
satisfactory At this tine that thlls
I to recognize that petroleum ~ one
4 Of our most vital national necessi
ties to be dealt with not as "A prob.
lem Of production, transportation
b refining and marketing, but rather
x ~ a whole the component parts OF
g which must couCcde and provide fol
= the necessities Of All the other parts
EPcnding the discussion Of thi'
II matter and report OF the committee
y which shall hope 10 receive within
y two weeks. | shall expect that c&
= isting premiums and distribution o.
y crude oil win remain unchanged as
y a voluntary action OF the industry
VI rather than due TO 9ny order OF TIM
% department.
May | not ask through you th'
=, hearty cooperation of the various
. committees in cffecting some .'lar
- that will as war measure. adc
"a quntely care for the condition.
~ Yours very truly.
=, (Signed) M. l., REQUA,
a Director oil Division.
J. As result of the above leHe
and after a meeting of the advisor,
% committee ot the wnr service com
II mittee which was held Saturday, j
l. f.. Darby. active vice-president O
II the Mld-Co on a. Gas Assn. sen
81 out the following to members;
81 1--WE submit herewith for your In
y formation copy of a letter from NJ
-, L. Requa, director of the oil division
u u of the United States fuel admins
tration, relative TO his attitude con
W cerning premiums on oil Your at
-, tention is especially directed to par
i. agraph next to the last.
l. ''On May II Mr. Requa addresse
n letter to Mr.. Bedford concernin
to the storage, the price and the prem
ne ium on crude oil. Following ar
ID paragraphs in this lctter.
y II cannot too strongly emphasil
~ the statement that the governmer
w. will not at this time view with nv
=" proval any further advance in tn
= price OF crude oil Because OF tn
%, war and the demands that are bein
,b made for various essential product
,h Il Is obvious that the law of suppl
II. and demand has broken down.
win you, therefore. make
a plain to the producers Of oil thJ
n the oil division believes 1t no Just
* ficatlon for an advance In the pri'
of crude oil at this time, and wi
.te expect the industry to co-opera
hg with tho oil division In an cndeavt
o. to maintain existing prices as MAJ
,e, imum prices
ns Competition in the form OF pa
ment OF bonua (premium) shou
also he restrained, | do not mea
by this that varying prices shou
not he paid for oils OF varying qua
an ity. but these differentials once .
90 tabished should not be further az
90 vanced.
90 ,The advisory committee on mil
an continent production will meet
Tulsa on Friday, June 81, with
90 view to outlining reply on Jun
90 Srraos,iona raes @ ,o he same nuthoriti
oo on matters which involved both pr
MUM on oil and distribution
90 crude supply, on Tuesday ne'
June 25. this committee will me