The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-08-13
IN THE OIL FIELDS
saai, Residence s4.s. W. PECK. r. O. 30, sss

win need It more urgently in the
future, and
WHEREAS. the price has de-
cllned below the cost of produce
ton and there are threats OF cur
tailment OF runs by purchasing
agencies. and
WHEREAS, the Independent oil
producer Is without storage facili-
tles sufficient to prevent waste
ana ineifictency In the handling
OF oil and there is serious need
OF constructive improvements in
the methods OF producing and
handling oil:
NOW THEREFORE BE IT
RESOLVED in this emergency
that II Is the concensus OF opinion
at this meeting:
FIRST: That every unneces-
sary drilling well In the Mid-Con,
tinent rield should be shut down
AT once and allowed to remain
shut down until conditions defi-
nitely improve and that no new
wells should be started unless nec-
essary to protect or save a lease;
SECOND; That at once and as
soon as material can be obtained
every operator should buy or
build storage tanks and store all
or a portion OF his own produc-
ton thus relieving the pipelines
or a portion OF the burden:
THIRD: That a committee Of
producers and refiners be ap-
pointed to devise a plan for CO.
operative storing OF oil. But
owing TO the fact that this latter
proposition will require consld-
cradle time that II not be allowed
TO interfere with the immediate
building Of tanks by each pro-
ducer for himself.
FOURTH: That the purchas-
Ing Agents association be request.
ed to cooperate with the produc-
ers In procuring tanks and tank
material to the end that the pres
ent situation may be Immediately
relieved
Prior TO the adoption OF this reso.
luton a discussion was held OF IN,
present predlcament In which pro
ducers find themselves. Severa
speeches were made, that by c. c
Herndon, vice president OF Skell,
OH company, being especially inter
esting and instructive. His address
showed much thought and was wei
delivered. He stressed the peculiar
conditions existing as between tn,
producers OF oil as sellers and tn,
big pipeline companies as buyers
emphasizing the fact that he knew
OF no other industry in which ther,
was mo factor OF elasticity and n,
OF safety" Storage for hi
product is the one method OF re,
lieving the producer from the fre
quent violent fluctuations in tn,
crude oil market, he said. with tn,
oil producer II Is a fact that tn,
seller always sells his product in {
buyers market, he stated, and thi
only could be corrected by provldinl
means Of caring for the oil at suci
times when 1t IS Improbable to sci
II at the price being offered by tn,
pipeline companies. He stated fur
ther that II Is only by concerted ac
tion In shutting down and storinl
at least part Of current production
that the producers can "emancipat,
themselves from this involuntar,
servitude."
"As we review the petroleum his
tory OF the past so years" Herndoi
said, we must be impressed with III
outstanding fact that the indepen
dent oil producer has really don
very little along sound and construc
tive lines to better his position an,
to make himself less dependent upol
the business facilities OF the Stan
dard OIL company and less depend
ent upon its will and pleasure. FL
has been content to occupy the posi-
tion OF Lazarus accepting the crumb
that fell from Dives table at time
Congratulating himself upon his ex
pertness In catching crumbs, and n
other times grumbling because Dive
permitted so few crumbs TO fall from
his table; but rarely asserting
rugged American spirit of self-reli
ance that would have lifted him from
his position OF mendlcancy TO a po
aition OF independence and freedom
of will and action.