Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1919-02-11
49, rvr<TIss T. MOORE.


pe'au'.,I,s wa. revived last week
,W,h,, reductions In the prices
,ii FOR low gravity or fuel
c,udes at rlno Island Ia. ,. anu
,hs Gult Coast fields, Inc ",s
", was further stimulated ny
~ ,,o, that oklahoma ana hanAs
snming plants are iately showing
"n'I.1 tendency to offer smaller
u,rSms for high gravity crude IN
,ral important OKLAHOMA u'h'
-. hirh gravity crudes OF the
,hx,st tKnnas. oklahoma, Tex
I'll ,iisianaD amounted To about
nSo barrels daily. against l3o,'
,,rrrl. daily ~ low gravity oil,
A., Of infinitely greater I'M.
.nr, in The general scheme OF
,srofrum industry In this part
-. wo.d Matters affecting low
,,,y crudes affect only three I'm.
-, di-trc1s, Iealdton, Okh, !,
oulf Coast and about half of
k oorth Louisiana output but
k,,hlng affecting high gravity
~,drs concerns practically All
S,d, IN Oklahoma OF consequence
Srso, Ilcaldion. everything In north
SA north central Texas. and much
X ,he north Louisiana business. Oh
generally express, tho opinion
y, Tho only danger 10 present
go. NJ hlyh gravity oil lies In the
k.-,nhty Of AN early ovor-prvduc-
kon Of this commodity. and also,
II, there is no territory In sight
Zach might create an over-produc'
~ except the new fields OF north
Ind north central Texas
IN, disturbance In the prices OF
In, gravity crudes OF the southwest.
|. thought might be attributed
ktually 10 the fact that there is
sox available more high gravity
rude, but Is more largely due TO the
f,l oil situation. A terrific slump
4 the demand for tucl oil followed
a. signing OF the arnisucs with
S,many. the price OF the product
4, fallen FUZZY 90 per cent. and even
X these lower prices refiners are
kvlns a hard time selling H. The
mand for fuel oil has been greatly
Imua,ed by the war. and the
S.ce~x,y Of having fuel for tho mu.
lilon plants. ships ana war ships
lad forced prices To unusual and ali.
3Vmal levels As n consequence
Srlccs Of fuel oil crudcs. such as
bose OF Louisiana and the QUIZ
Coast, also rose to abnormal heights
The end Of the wnr promptly blunted
the edge ~ this unusual demand. and
n. fuel oil market In consequently
reaiy depressed. This In ncces-
atly followed by n depression In
prices Of fuel oil crudes.
Another factor involved In the alt
pailon Of fuel oil and fuel oil crudes
IL The competition OF Mexican crude,
vsieh Is rapidly escaping from the
handicap of lack OF ships and high
cc,an freight rates imposed by the
Sar Mexican crude In again coming
y con, points freely.
The low gravity crudes. OF which
D. biz bulk OF refined products 10
eis oil, consequently are facing at
pe zane time severe depression
the fuel oil market and a rejuve.
Dated competition from tho cheaper
ieilcah crudea, which. II In believed,
fcoun,s largely for tho recent re-
sueiiou IN prices In Louisiana arid
tbe Gulf coast.
NV premium proposition IN on
nomA ~ agreed, has never been
sricus factor 10 the crude oil mar
's Less than 30 per cent OF the
Su,put OF kansAs-Oklahoma crude
fh at a premium. The great bulk
y the output IN sold at tho posted
yps line price. Some OF the small
reflners are inclined to maintain
~. p ouhsiuetaple REDUCTION IN
p,u', rates wnete such are
NJ mnication that 'he gen
:, ms'",' " orenkins 10 degree
=, % 49,, out IN thiH opinion they
n,ue support The general opin-
Sn 70 THIS matter seems TO he
nn sufficient Texas crude ts begin.
N, N, ~ ,, en,er ok,ahoma't restore
49, a'anonla ,,. Kansas market. ms
klIon, ~" pleSeht pipe line quoa-
s,,oh on.r words tho high premiums
=, s''aI puyerS nave been pay
une result OF tpeir own hb-
k,,.s. ueoossly tather than true
.v W the price or the crude
~eIe using
hul'rlke what appears TO be
l., ,suS ~, r,, OF opinion the mar
IM.sn,,sn sn Havity orudes or the
Ro,,s.a h,trr period or
w oklahoma and Kansas,
k,s. 'se ol the new pools OF
s,r1,, g'''ihg back into easy
s,s ',u'n again, and that
H., oplhicn and indication In
kn,.e Wv petroleum Industry OF the
S".s' Ss,,. m wen as OF tho United
Sns n.s senefally' viii continue TO
sn [ no, only normal but also n
ros"r, no,easin8 market for pc
\pnu,usnvp p'uuucth, perhaps even an