The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-12-29
IN THE OIL FIELDS
Office. e24i w. H. PECK Residence 2A42

toned,
isn't tho tremendous amount Of
gasoline required fpr the coming
year exceeds all estimates. II VIII
hc history repeating itHclt, lIhl hH
1t was thrco or four years ago
when tho season opened win "hIy
a moderate demand which rnpidl'
increased until the entire Hituall"n
was Known az "A runway market
and tho largest ana most 'Npr-
ricuccd rcrincrios in the country win
connections cvoryWh"tc wor" hhsp
lutqly at sea tp know why all cal
culntions had gone wrong.
So fHr ~ tho demand ~ ih'
United states f. concerned, u too
has begun to develop into . mh'h
better market than wlS auiicipat"I
with NJ many factories closed ANA
farmers suffering ffom the loves,
prices ever known In the history "i
thc country. u all means mat the
oil industry H. going 10 ho one In
dustry that has taken caro- OF II
self. and principally for the iol-
lowing reasons
Garsolinc is not sold on the cN-
changes Of tho country Ike wheat
corn and cotton: nor again liks ih'
There ls no chance for the man VINO
Wishes to bear" the market to get
action unless hc puts up real coin
buys gasoline Of someone who Is not
posted ms to the situation, and ih"h
offors II AT cost or below. TINS.
however. has never happened, OK
cent. perhaps, once or twice, ana
then the biggest marketing concern
In the world got a taste Of high
llfo" nnd was trimmed bouuiiiully'
and Immediately took ON the man
who did the trimming. and nave
since used him In their business
Tho big bear raids TINS year
have been ruinous alikc to the
farmer, the stock raiser ana inc
holder of any sort Of sccuritios that
was dealt In on any or the OK
changes, but thank Heavens, no man
has ever invented "a petroleum eS
change where the products oi pc,
,rolcum could he bought ana HoIu
lust az other products mcntiohou
above have been slaughtered.
There was time when oil was
exceedingly plentiful. aud some or
the numerous rcfincrs using 'ush
ing crude became frightened. on nc
count Of the 10000 barrel "oi
which Frank Gillespie brought IN on
tho Jackson Barnett farm, ana or
rcrcd gasoline at a cent or wv" pc
low the market. and at TINS t'he
Uncle Ben" Ryan took on ioau
that stopped all tho panic ana pail
ont about "A million dollars n daS
for three days, buying gasoline.
That IN to say he purchased that
much stuff and no the market rc-
spondcd promptly. iiut there was u
time also before "uncle Ben hnu
thoroughly gotten his stride, anu
before he dominated the market
that one or two rcfiners who are
born pcssimists, went out ana SOU
the market short and at any o'u
price and then had to deiiScr 'a'e.
on. gasoline that had been. sold ~
7 or cents gallon. when 'h'
market was around 10 ana 10 cents
There Is absolutely no danger OIL
ANYTHING of this kind now. Hc'
fiHcrs have shut down. on pro
ducers are leaving the oil In tne
ground. and men like II. II. Schock
whose statement In yesterday
World, printed In tho personal cor,
umn. did more tn chcor up inc o'l
produccr and rcfincr than anythins
tbni has been published In many q
long dav, are IN command MT
schock is n worthy successor o'
good old "unclo Ben" Ryan gamos'
of the game. and he. IKE your
Uncle Ben. has tho interests or .h'
entire industry at heart. de IL u.
yound "A doubt the most command
| inu figure in the cntir" mlucoh
tincnt field, and what he says goe'
farther and carries more we'sh
than opinions coming from any >oh'
else. an,
MIR. schock is not afraid OF MAJ
nor doyil, and has demonsta'''
this time and again. ANA so "hci
no saws that "it Is absolutely h'coS
sary to keep the wild-cnttels soi.s'
i'm order to have n supply OF OH TO
ncx, summcr," his statement can W
taken at 100 per cent, and wiiaca,
tcrs. men who are drilling we''s -
new fields, should be encourage
To tho limit. And also when ne say
That he is operating his refinery
Ioh per cent above normal or as u
put it, "at i25 per cont he Is DOM
more to bring about confluence NV
good feeling than any man III ~
midcontincnt field. Tho fact INA
he Is with ~ In these 'ro"p'ou
timcs IL a mighty fine thing Tor t'i
industry, and shows that thsre
always man for every emerse"N'