The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-01-01
Happy Ne,U Year
The NeU Year Looks Bright
and the Oil Men Are
Al Optimistic

There are some things coming
with the New Year that should help
nightly in bringing about better
dimes In Oklahoma. There is the
freight reduction to gulf ports OF 8
cents per hundred, which should
trlp the refiners here and put the
Exporters on their mettle with the
result that Oklahoma Immediately
feels the impetus Of increased de-
mand. There is no doubt that
the rate will stand in spite OF the
Efforts made by Louisiana refiners
to have the Interstate Commerce
commission suspend same.
Nor il that all 1t Ia the consen-
sus Of opinion among the best post
cd rate men in the country; and in
spite of the dire predictions OF II.
O.. James, secretary OF the Western
Petroleum Refincrs' association. /.
that when the oil mans side of the
rate question comes up before the
Interstate Commerce commission
The middle OF February, that the
rate committee OF the American
Petroleum institute will play fair
with the Western retiners. and help
them get a rate just as the stand
ard refiners east OF the Mississippi,
and north of the Ohio; have re-
ceived a New Years present of 3 IL
gents per hundred pounds re-
Auction. This eliminates, with
stne exception OF | cent per hundred
pounds. the 4 IL cent flat rate put
on by McAdoo when he was In
charge of the railroads.
II was a big SCOOP that the
Standard refiners put over on the
Independents; but fortunately there
are few Independent concerns in
de Of the favored territory, and
they will OF course. profit by the
reduction IA much IA anybody.
There Is some apprehension among
the oil men as to the situation with
regard to the oyerproductiou OF OIL;
but II is hereby stated that the pig
fellows in the Independent class are
going to shut down. or az least cur
tail drilling bit, and this was
made plain yesterday in "A conver-
sation with Il. +. Wilcox, who is in
a position to take the lead in this
very matter. Other leading oper-
ators express much the same idea.
and II Is fortunate that n few have
consented to make a statement as
TO the outlook and they are hereby
given:
4. IL. Perry, General Manager OF
Cosden and Company, says:
"rhe year 1922 Will undoubtedly
show an increased consumption or
all petroleum products in the
United states and there Is every
reason to believe that the volume
OF exports will also increase. This
country is now well launched on
the long swing upward and while
that swing will be gradual II should
be consistent We are not Justified
in looking for any decided boom
during 1922 in the oil business be-
cause the production of crude ma
terial IL pretty well keeping pace
w!.h the demand Tor finished prod
ucts but there can not be the slight
est doubt that both the producer
and the retlner will find a higher
and more vigorous market during
1922 than during the year just
ended
There will still be need for eau
ton and conservatism on the part
of the producers TO keep the pro-
duction from running ahead of the
consumption and II this is kept in
mind and the producing business
regulated accordingly, 1922 will be
a bright year in the oil industry
II. 4. Ashton, Refining and Sales
~ Manager OF the Pure OIL
x Company, says:
THE year just closing has been
trying one for all the oil INDUSTRY,
particularly the Continent re-
finers. Twelve months ago, crude
was bringing a price out Of proper