The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1921-03-02
WHAT LIES AHEAD

II is likely that there are six months
OF rather dun business ahead Of the
oil fraternity but these six months
viii be filled with an interest that is
unusual in the business.
Oh is not being exported in usual
quantities for the same reason that
cotton is not being exported. The
financial conditions Of countries abroad
do not permit cash purchases to be
made and oil men are not willing or
cannot afford 10 sell ON open accounts
that Will not be paid for several
months.
Many OF the renneries are being
shut down, drilling is not being pushed
with the same Wgor that character
lied the activities few months ago
and many wells are being shut down
on top OF the pay sands.
The price has dropped fifty per
cent and the runs have also been
reduced in many Of the fields.
But while this condition prevails
there is vast wealth that Is seek
ing investment in oil. Companies are
being organized to buy and store
crude oil, other companies are IN the
market to buy production and there
are many individuals who are watch
ing the fields closely and when they
feel that the bottom has been reached
they plan TO do some heavy buying
Of producing properties.
The oil business is bound TO come
back. During normal times when
shipping is going forward, when the
mills are In operation the country
cannot produce oil as fast as the
requirements demand and normal con-
ditions are bound TO return.
Europe viii adjust its financial con-
diuons, exporting will be resumed and
just as suddenly as the prices drop
ped and trading stopped they will be
resumed. When the oil business has
reached the bottom and the tide turns
It is our opinion that it viii be the
most active business in the United
States for a period OF months and
possibly the busy months will be ex-
tended into years.
Just when that time will come we
would not like to speak with any de-
gree OF authority for fear Of making
ourselves ridiculous but the chances
are good that oil will begin TO look
upward by September and before the
holiday period the price will take its
first advance and the coming winter
will see the oil business more active
and more exciting that ii was year
ago
The country is not 'liquidated' yet
Is many men Of finance express 1t
and there may be- some adjustments
stlll to be made. However. there viii
be no discouragement on the part Of
the Oh men. Some Of the producers
in the newer fields may suffer for
lack Of a proper market but there will
never be a time when they cannot H.
nance themselves by being willing to
turn part Of the properties.
Instead Of being discouraged these
men are holding their ears to the
ground, they are listening intently TO
the markets and 10 the world condi-
tions ana at the first tap Of the gong
they are going 10 enter the purohas-
ing arena and when that time comes
producing properties and leases will go
forward in bounds and refineries will
find a ready sale for properties and
some of the biggest deals In history
will be made
The oil business may seem 10 sleep
but The oil men viii be wider awake
than they have ever been before They
see the big advantages that lie Just
= few months ahead and viii be ready
to avail themselves of those adyan.
tages