Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-12-01

many had not been a developer Of
on territories, America and Hol-
Iand had loth taken big lead in
the Development Of oil throughout
tho world and the ROYAL Dutch Shell
was Just a little ahead " the Stand o.
ard Oh.
"GaIiciln oil was in the hands ~
the Eng lsh and Austriaus. Ger.
many had a hold on the Rumanian
Ie!ds ana that was a,mUs, the only
one IN which she had an interest. In
Ruman!a Germany had % per cent
or the production, Royal puiCh rs
per cent standard on Is per cent.
france and Belgium 10 per cent. and
England Austria, Italy and the Swiss
the remaining 20 per cent. Germany
had possessed an interest IN Russia
but two or three years before the war
sold II, and 1t was In the hands ot
the Rothchild's Shell and Royal
Dutch concerns
War Smashed Competitive Methods
i merely cite Germany as an illus
trauOn OF the situation before the
war with the war came chaos and
all the old methods Of competition
and marketing went to smash Ger
many and the Central powers shut
out from an opportunity 20 obtain oil
from the west, did the best they
could In developing these territories
in Galicia and Rumania. England
took over the Royal Dutch transport
(the ShclD just as subsequently the
United States government took over
tho standard on transport
Everybody went into oil and de-
vclopment started wherever oil pros
poets were and material could be
found for drilling. The demand for
petroleum and it's products Increased
wonderfully Prices advanced and
the lower grade petroleum fields. Ike
those OF Mexico, Texas and Califor-
MIA, actually could not produce
enough oil, such was the need for
fuel The same thing was true Of the
higher grade petroleum fields in the
United States. Independent oil COM
panles sprang up like mushrooms
and blossomed like roses.
The mid continent field. the great
producer OF higher grade oil, saw
prices advance and oil. with the pre-
MUM added, was worth S2O5 bar
rel at the well. The demand for fuel
oil. for gasoline, for lubricating oils.
In fact for all the products that come
from petroleum increased steadily.
OH certainly has been magnificent
war stock, from both the speculative
and investing standpoint 1t is now
believed that these securities will
slide from n war basis to a peace ba-
sis without tho slightest dislocation.
whether there will be a glut In
output or whether tho demand will
take up all the supply Immediately,
do not pretend to say, but there Is
not the slightest doubt that with the
war over and the markets opened
there will be necessity for the filling
OF empty reservoirs that the shipping
facilities OF the world cannot supply
for a considerable time. In the rush
for supplying these markets, the chief
participant will be the Standard oil
with It's enormous re-
sources, its wonderful pipe lines and
refining equipment, Its fleet Of trans
ports (Which naturally very soon will
pass from government control back
10 the corporation), and the Royal
Dutch She'll combination which. while
not so we'll equipped with financial
has important backing and |
Is also In control OF oil producing !
clear around the globe. !
better prepared for world struggle In |
that respect than the Standard OIL ,
CONTINUED tomorrow.)