The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-01-15
Humble Quick 10 See
Necessity of idrdnce in
Price at MeSia

The Humble On q Ronning Co,
made up ns II ls ~ widc.nwaHo
western business men, was quick 90
uote tho rapid decline In the pro-
ductlon uf the McNla field. and
promptly advanced tho price Satur-
day January II, 20 cents per bar
eel
This brings the pricc 10 &l25 per
barrel and It viii doubtless advance
by rapid stridcs to the level of Mid
Continent crude, towit, s. per bar
rol.
should this occur II will he good
Thing for the owners Of leases In
the McNla field. There ~ Iust nA
much money In selling half the oil
W double tho price and II is n lot
moro EatiAlactory to any Intelligent
nil producer The young man who
ls nt tho head OF his fathers produc-
Ing concern IN Mexico, Harris Ham
tnond, has given an interview to tho
Los Angeles Times In which he saye
that II II good thing to have plenty
OF water pressure bnck OF the oil
and thus bring to the surface the
,ntiro production In Jig timc.
II lA' NfhHh WI ia bliAANl'Nlh ~ IlVH7
ably lust another native son, and
bis deductions are just as wise as
the average. coming from the
younger tribe In California, but hc
can rcst assured that every one Ia
oklahoma is mighty cheerful be-
cause of tho fact there ia so much
water underlying the oil In Mexico,
but read what he has TO say: Il ia
published elsewhere on this page
Nnder the caption, Paints Wonder
Story of OIL" lie * hereby CONF
incnded as a fruitful source Of In
formation to the young men who
compile the production statistics for
the American Petroleum. Institute,
and here In hoping that We begin
getting some statistics from the In
atltuto relating to the production oI
oil In Mexico II has been tho ono
great sorrow of our life. that up 90
now II has not been given.
And speaking of the statistics OF
ue American Petroleum Institute
0iore ls a circular dt hand showing
tlst how these statistics are nrri y"d
a.. IL came at time when tn. o.
producers were In chcrful humol
~ regard to the htuation in MeXl1
and hence, the fact that the esti
n1atca are tremendously high. CGi
eusily be overlooked this time. The.
are like "A report of II governincu
bureau In washington, too slow I,
De of any benefit whatever. 6s th
liexia fold is now producing zoe
than 125,00O barrels, and by IA
htne this reaches New York the sali
field should have advanced In prlc'
ne least rs cents per barrel
But about oklahoma oil; Thcr,
is q great deal more sense In buyinl
high rrnde Oklahoma crude. at =
per barrel. than MeXia crude q
si,3h. Rcfiners here are mak,pt
every effort to sign up long tim,
contracts Ht n good premium iucl
rs viii hold the oil IL ia the .udc
pendent refiner who knows th'
game, and being on the Job he Il II
position to watch these suddei
Changes and nobody knows bette
Than he that conditions change ovc
night. There Is some satisfaction n
having called attention In yester
DAYS world To the fact that n bette
price for crude ~ required To kcel
This going. This IL true In Okla
homn and the independent refine
Should take time by the forelocl
hnd make his contracts for crud
While the going Is good.
The price Is due for a boost an
Time now,