, 1921-11-10

by the production of refined products
by the Midwest plants At the pres
ent time the Standard Oh CO. undi-
ana markets approximately 1s.ooo.-
900 barrels Of motor gasoline annuai-
iy. while it produces only about H.
900. 900 barrels" Gage 81 of Re
port.
Conditions Of Composition In Pro-
ducing and Marketing Crude Petro-
leum--During 1919 Wyoming pro-
duction was largely controlled by
two interests. viz. the Midwest Re
hning Co. and the admitted Standard
on companies. The Midwest Rein
ing Co. controlled almost IS per cent
OF the enure production OF the State.
As already shown, this control vns
largely duo TO production obtained
through contracts which terminate
Janaury j. 1884. The owned produc-
ton of the Ohio OIL Co. WINS almost
II per cent OF the total for the State.
while the total production lifted by
IL WIS about Els per cent OF the
total. These two companies. there
fore, controlled approximately ee.5
per cent OF the total production Of
the State during 1919. This control
OF production would make It difficult
for an independent reAner to sccure
an adequate supply of crude potro-
ieum." page 81 OF Report).
IN the marketing OF crude petro-
leum purchased at open market or
posted prices the Midwest Refining
Co. and the Ohio on Co. are the only
companies that regularly purchase
crude from the producer. and their
posted prices are the prices at which
crude oil not under contract is pur-
In some OF the new fields
there IS but one posted price-that OF
Ohio OIL Co. The Ohio OIL Co.
In turn sells a large portion OF its
crude production and crude pur-
chases TO tho Midwest Refining Co."
Pages So and IS Of Report)-
THE Imperial on Co. Gtd.- at
Regina, saskatchewan, Canada, the
OIL Co., at Florence. Colo.
both Standard companies, and the
Utah on Refining Co.. Mt Salt Lake
City, Utah. a Subsidiary OF tho MID
west Refining Co.. an secure crude
tho Wyoming oil fields. but
these companies mako their pur-
chases from either the Ohio OIL Co.
Or the Midwest Refining Co, and
of these companies r now
admitted to be in tho Standard OIL
group. Hence there IL no real com
between purchasers of wyo-
crude oil. As n result h price
Of crude at the wells during tho last
few years has been low compared
crude Of similar quality produc-
ed in the Continent Field. The
high freight rates TO eastern and
southern rcfneries and the small
that could be obtained by an
refner preclude the pos
OF competition for the pur-
chase Of wyoming crude by such re-
nneries." Page So OF Report).
The conclusion of the Fedora,
Trade Commission relative to exist
Ing conditions in wyoming is set
forth in the concluding paragraph
,f the Report. found upon page 81
thereof. and is in the following
to-wit.
with a large proportion of the
crude petroleum production in wyo.
ming controlled by the Midwest Re-
lining Co. through contracts which
run until 1894. and with the Ohio
OIL Co. and other Standard conpan-
Ies in control of most of the remain
ing production. the question natur-
lily arises. How can any independent
.eflning company become n factor in
his section and what possible oppor-
is there for future competi-
-ion." Page 81 of Report).
The finding made by the Federal
Trade Commission is a finding based
Ipon a complete investigation into
he existing and past conditions.
investigation covered n period
" approximately two years, and was
borough in its nature. Tho findings |
and conclusions reached by the |
are entitled to the ear
consideration of and full credit
W the officials and citizens of wyom-l
The findings and the conclusions
in accord and bear out the conclu-
lions heretofore reached by hi Chief
Executive OF this State relative to |
low prices paid for crude oil in
he State and the unfair prices
charged for refined products IN the
anne jurisdiction.
The findings and the conclusion in
licate n feeling OF helplessness and
on the part of the Com.
No suggestion for relief Is
'nered. Lack of faith in tho exist
Of a remedy for the admitted
,vfte % ox-tdapoa1 l