The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-08-22
or. MARRrr QUOTATIONS..
Situation as Vieued by Head
of IndependeRt Organization

W. H. Gray who 81 preeidont or
the National Association OF Indc-
pendent on Men " strongly or the
oplniou that tho best and most ct
fectlvc way of bringing about better
pricop Tor crude oil IN to shut down
drilling operations and TO limit pro
duciion until pipelines arr demand
Ing moro crude lie says
~ brief study Of che production
firuroa M ehowu by the tax returns
or oklahoma for tho second quar-
ter win convince anyone hat Okla
iama IA producing too much oil Tor
tho general good Of the industry.
"Unlcsa tho major producing fac
tors further curtan their activities
we will havc 90 look forward 10
another winter OF diSnstorp such ms
tho las, ono. Many OF tho largo
purchasing agencies are building nd-
ditionnl tankaRe TO take caro- OF h
oil which they are all buying nj
bargain counter prlcen.
Tho Prairie oil q Gas Co. I nm
Informed. 81 seriously considering
tho advisabihty ~ prorntins runs.
oklahoma Ia producing from 10000
TO 80. 900 barrels per day moro oil
now than n ala whom oil wns Rolling
for $3.50 per barrel. .
'un Pennsylvania runo nro 6tlli
being proratod. In Wyoming oil 10
OF a lighter gravity than Oklahoma
crude, IN solling for 80 oonts per bar
rel and tho purchasing agencies arc
taking only 30 por cent OF tho pro-
duction. There ~ n slight decline In
North Toxas and Louisiana produc-
tion hut thiR ~ more than offset by
Arkansas.
"Thc standard on compnny'a
great refinery Mt Doyonne In only
operating -four dnys per wcok. There
is littlc likelihood Of any tariff leg
islation being enacted before Deccm-
Der and oven then II would not go
into cffcct for 90 days Thereafter.
This ia not pcsslmism. 1t IN tho naked
fact
'"rho factors IN tho production
business must further curtail opera
ton and keep tho drilling tools In
storage until thoy nro dead sure that
the above described conditions have
changed. MY opinion In that We
cannot he sure OF n change before
next sprine md this regardless or
minor changes. Tho Immediate
salvation of the producers IN TO ahut
down md to stay shut down until
next winter Is over"
1t ~, moreover, n noteworthy fact
that all OF tho leading oil producers
arc in accord with President Gray
and with the statement made In yea
terday's World by w. N. Davis. pres
idcnt Of the d-Contincnt on ana
Gas association, who could forseo
nothing but disaster should drilling
begin now.
w. q. skoliy Mt tho head OF the
Skelly oil company, says!
1--WE must not delay better prices
by drilling. There In nothing that
will put off tho good time when oil
will advance 30 quick as indiscrimi-
nato drilling. We are willing TO CO.
operate to tho ond that better prices
will come as soon M there In n no
table decline in production and not
until then.
I. Il. Phillips OF the Phillips Pc
troleum company Is also strongly IN
accord with Mr.. Davis and with Mr..
Gray and urges n complete shutdown
and promises further that tho Phil
ilps Petroleum will cooperate 20 the
limit in bringing about n reductioU
IN the amount of oil produced In tho
Mid Continent field which n the only
oil OF a reflnnhlo quality such an must
be had 60 take care Of tho evcr-in-
creasing demand FOR gasoline and
l%ubrlcating oils,
And so the oil editor, IN spite 81 n
desire to mako things look pleasant
by reporting the brighter aide OF the
situation Is willing 60 stand correct
cd and to let mon of great influence,
with moro production Mt stake, takc
the lead and advise the oil fraternity
as 10 the best course, There IN no
doubt but that Il is much easter to
predict things chopped for will hap
pen but this loo not In any way
help the situation that confronts the
oil producers N this time.
In the meantime give the indie
penaent refiner the oil and help
things along.