The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-11-25

side Of the river as It Is on the
other,
There has been much argument
in the past. and there Is much ar ;
gument today. as to whether grading
oil IL a good thing for the pro-
ducer or not. II ~ going to necessi-
tate a lot of bookkeeping. II -
going to keep the producer on the
watch to see IL he gets top price TOT
his crude. but 1t is the oaly logical
and scientific way of making prices
on crude oil, The price OF every
other commodity that ] know OF, Is
based on the value contained in H.
Cotton, rice and wheat are all grad
ed. why shouldn't oil Je graded.
why should the man who produces
Al gravity oil be compelled to take
the same price as the man VINO mas
.2S gravity oil2 Times have changed
Twenty years ago gasoline was not
factor I'm the making IN OF prices'
today IL Is the principal factor an ur
irving at the value of barrel or
oil. Therefore. that producer who
is fortunate enough to have a larger
quantity Of gasoline in his crude OIL
than his neighbor Is entitled 10
better, price and he ought not 70
! complain because better price is
| paid TO him.
"The independent refiner of course
will lose some OF his oil He VIII
not get as much high gravity crude
/ as he has been getting. You might
say the Prairie Oil 81 Gas Co. has
not been in the market for high
! gravity crude FOR year or more.
II simply would not pay the price
In effect, It told the producer that
n barrel OF oil was barrel or OIL
regardless OF how much gasoline IL
had in IL, and one barrel was worm
as much to it as another, whlch
was not the fact. The fact ls tha'
n barrel of oil with 20 per cent more
Gasoline in it than another barre
OF oil is worth more money Tht
Ilndedpendent producer ought to vel
come the evidence that the Prairie
oil d Gas CO. Is again Il competitor
for light gravity crude. The indepen'
dent refiner may be depended upoT
ITO get his share of this character
of crude and every producer oueH'
to see to it that the independent re
liner does get his share of the crude
and he ought to get 1t on an edua
basis with the Prairie oil IL Gas co
There has been too wide a margif
between the posted price OF crud'
and the price paid by the indepen
dent refiners. premiums OF "a cent
and STARE not healthy and are no
good for the market.
~ ana IN hopes that the ne"
price making system Will staplllz'
! the gasoline market. 1t has fluctu
, ated for two years, up and dowi
without any sound reason, and TIM
/, has been due, largely to the method
/, by which light gravity crude ha
! been bought and sold. Hayi1g pu
, the gasoline producing oil npon
/, certain basis, we can now procee'
To make a scale of refined price
that will be scientific and ought {
1 be steady. The price of crude oil l
, too low and IL the price of gasolln
has to go up in order to put IN
[ price Of crude oil up. then it shoul
s be raised because, even at the ne'
: price posted, there is little profit !
\ the business for the producer. Thir
{ ty-niue gravity crude should hrin
SO a barrel and the independent pro
ducer has a right to expect that IN
Prairie oil e. Gas Co. viii put
there without much delay. Let IN
: refinery prices go UP along with 1t.