El Paso herald. (El Paso, Tex.) 1901-1931, 1921-01-07
WORLD NEWS OF WORLD INTEREST
WEST TEXAS ENCOURAGEMENT

TOR every individual and company that has really been
after oil and not merely after the other fellows money
there is much encouragement in the from Fort Stock
ton In region where there several ordinary pumping
wells at shallow depth the finding Of oil was not unex
pected but nobody had any idea that there would be
srsg flowing vel at such depth as 60 feet It IS said
that the phenomenon is without precedent
OIL is a world problem. Finding flowing oil vel IN an
unexpected locality piece Of world news It Is interest
ing to think that the name Of Fort Stockton and the
geography Of west Texas now overnight, matters Of
world concern and world knowledge.
One result Of the is the increasing demand for oil
and all its derivatives, increasing on scale never oresmt
Of Not only for power heat and light but for countless
indispensable industrial uses petroleum derivatives are now
essential in the worlds economy as WOOD and non Coal
has practically abandoned ship fuel not only by the
nzves but BY the merchant marine The number and ton
mage Of ships TO increase largely and the demand from
This alone going to strain the oil resources Of the
world.
oil for industrial fuel is becoming more and more i'm
portant railroad traffic problems become more intense
And the railroads themselves, in all countries looking
more and more TO oil as fuel Then the enormous increase
the Of automobile trucks and cars, which is world
vide and likely 70 grow rapidly has imposed new ana
tremendous charge the oil resources Of the world
The southwestern section Of the United States with
neager undeTeloped coal resources long distances dis
from tide water, and costly transport has TO
gain than most other sections by the opening up Of oil
fields within easy reach. And the southwest Is known to
have oil IN many different localities, the only trouble is 1t
has not been thoroughly prosPeced exploited number
Of companies have done work and considerable local
capital has been rsed BY the different communities IN the
search But for the most part the OIL investment money Of
this region has gone too far away from home TO bring
direct results
Now, With the Fort Stockton discovery there VIII be
revival Of interest OIL throughout this section. Every
known suspected oil field should take life. What
ever capital IS aTaahle in the southwest for oil prospecting
development ought to be spent home In
this way, the returns win be direct and the benefits far
greater than If the money be scattered widely.
The enterprises which VIII receive the approval Of busi
and bankers those which sincerely and
honestly directed toward finding OIL Financing prospecting
development companies VIII not be hard long they
conne themselves to sound business methods and direct
their efforts along industrial rather than speculative
lines.
Of course there is large element Of risk in any search
tween business risk and mere gamble In one case the
effort is to ind wealth IN nature, take It out Of the ground
result Of wise and scientific plans and intelgently
directed energy In the other It is chiefly matter Of
getting the other fellows money before the excitement
eools Of While their legitimacy need not be questioned
the activities Of promotions" do not always bring
the returns to the community whole do the
activities Of companies which earnestly work find and
develop oil
Near e Paso there are several promising oil fields and
the Fort Stockton discovery should put life into every
OF the local companies engaging real development work
Most things important in direct ratio to their
proximity dog with broken leg ELECTS gush
while 5,500O0O starving babies IN Europe
than crop failure on Mars.
One Of the things that seem to matter no more is Wood
rows veto.
Much good has come out Of the Socialist party one nan
insists the good being what's left the leaTInEs