The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-12-26
In THE OIL FIELDS
Office. s24l w. H. PECK Residence 2442


covered ~ and suppressed. II also IN
doubtless true that the production
In Oklahoma and Kansas has been
over-ratcd BY all tho HO-callod sta
tisticanH as for instancc.ain Kansas.
tho figures have made II appear that
Kansas production never changed,
but stood steadily at the high point,
this until only recently when there
has been a decline shown.
The editor Of tho oil Weekly cS
plains the discrepancy between the
| figures published by him and those
\ OF tho American Petroleum iuStlt-
tute, ana now that he has begun get
ting somc regular matter OF reports
| from that country. Tho Tumpico
Tribune takes AN exceedingly gloomy
view uf the situation. and ne prciu-
diccs SHOULD all be the other way
Tho editor Of the oil Weekly
which is published at Houston.
| writes The World as follows.
II am very much Interested In an
article published IN your Issue Of
| December 20 I'm which tho state
mcut i3 made that the production
figures Of the Amcricau Petroleum
institute and the OH weekly do not
agree for certain week
II Imagine that the discrepancy
| you observed arises because Of the
| fact that our figures are a week
| earlier than those uf the American
| Petroleum institute. which would
| mean that tho figures which We pub
| lish on certain day are only a week
| old, while those published bY the
American Petroleum institute on
thai same day are two weeks old.
In other words. the figures which
appear In the oil Weekly dated De.
ccmbor Il. cover the same period a
week previous to the figures released
on approximately that same date by
the American Petroleum institute,
N you viii observe the produc-
tion table which we carry each week,
YOU will note there has been wide
fluctuation In production which
could easily mako a big difference
between our figures ana theirs In "a
weeks time.
Reading on further down In your
article In which we were very much
Interested, We note In your fourth
paragraph that IT has been said and
this Is had been published and It had
been made known that Mexican
crude junpcd up over night from
10 cents a barrel 10 60 cents.
reference to the OH Weekly OF
November 3, on page ~, shows that
we carried "a story which stated that
here was wild scramble for oil on
In Mexico and the pLpeline owners.
especially those with big contracts
to fiji. were Offering from 60 cents
to n dollar a barrel Tor crude at the
well In the section where production
waa or. This was printed some
Two weeks after the last general nd
vance In crudo was made In the
United staLes and was written in
Tamnico within 10 davs of the ad-
vance.
81 know that there have been a
LOT of pe,simlsts that have been
bowling that oil is going to be cut
and the Houston office of the oil
Weekly. MS well as it's branch offices,
| Ia continually receiving tips and
rumors 10 the effect that Pennsyl-
ynnIa crude is going to be cut with
i'm the next few days. tho intimation
being that n cut in Pennsylvania
crude win presage A cut In other
crudea
"Recently IN reduction in prlco OF
certain 0ulf Coast crudes was
heralded to the world as being
caused bv over-production mt Mexia,
when as a matter OF fact. the oil In
question had no lubricatinE content
| and was valuable only for fuel oil
which. in turn. was bringing a lesser
| uTlrp than nLhpT tiult Coast CTuuGa
,ha. Al have luhrlcatlnr content
III "a true tha, siocks have in
| creased some 40 600. 600 barrels dur
inc thc noat 10 months. and IL is also
tr,,e that storks M refined products
| ba,a increased hut IL the oil in
| dustrv intonds IN onerate ON its plan
| ~ stcad dIiv derroasinp atocks with ma
| rascrvoa built nm for n neriod when
nroductlon may he off and con.
s,,,,,ntian -, tben Tho ali industrv IS
| not na ,veli MANAGED as / think IL
is and ns van think N ls. n we
an, arcunulnto some stocks i'm
limo, anon DC wc have iust gone
thro,,yh ,,itb Tho Lord helm the mar
wbo dencnds On tho oil business IL
curnish motive mower for his auto.
mohi,ea md trucks and lubricatIue
lou for his machinery.
"If tho oil industry IL heiug Oh,
| - -. - ....,.,g. ..,ti.., a,