The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1922-03-17
Indications Bright
But the Situation
Demands Precaution

with hopes Of big market de.
mand during the coming spring,
frightened 10y apparent Indications
due TO gradual resumption of indus
trial operation in the east and other
portions of the country, and reports
Of available finance in banks Of The
eastern states, The oil men aye not
worried 10 as great q degree relative
10 danger of Decentralization of the
market due TO overproduction as they
were during the summer OF 1921
However. that there is such a danger.
is not denied. but the condition of
the industry. thrown into an upheavel
during the past year, has created
uopBnlls Gun soNBtU U1WM 5sBQd
one which can hardly De truly prophe.
sled. caution, however is always
always advisable. and until the act.
ual demand has arrived, frenzied
campaign Ok drilling to bring produc.
tion to the surface should not be
anXiously Gesred.
Divided opinion exists in the ranks
dN ~ lIlt mag llllllht hl Allt' N'lllllllb
demand Many are firm in predic-
tion that the demand will show an
increase in The near future which will
outsrip in percentage the increase
in crude production, and will con.
tnue 10 do 50 i'm proportion to new
fields TO be uncovered. Rapid decline
in the production of recently discov.
cred pools, with reference TO MeNia.
El Dorado. and other districts is re-
ferred to by these producers in re.
buttal TO argument of those who
fear Generalization. With the grad.
ual return TO noTmalcy Of American
industries, and the opening of export
trade to foreign ports, the situation
will be greatly aided. The crisis in
the coal situation, although no Ella
tion should he expressed when u sister
industry is in danger, will nevertheless
undoubtedly aid to a great extent
the petroleum world. chiefly in that
1t will hasten installation Of fuel oil
burning apparation on railroads, in
dusuial establishments, etc. Regard
less of shortage Of coal which may
serve as an incentive to such install.
lation. it has been proven that the
use Of fuel oil in place Of coal is less
expensive ana brings better results
in many manners.
That industries Will resume in fun
swing IN the near future due TO the
available runds on hand which must
seek employment is j logical outcome.
Unless the money of men, whether
it he large OF small in amount. is
kept busy. no interest returns can
be made, and past occurrences have
demonstrated that available cash is
seldom left stagnant.
While danger Of over production
should be closely watched. never.
theless the fight for tax on the i'm.
portation Of Mexican crude into this
country should be continued IN full
force. Reports Of production in Mex
leo state that any danger resultant
Of importation from Mexico will he
over the end Of the year. and the
output Of that country will not have
to be feared during 1923. but such
statements bear no greater positive
ness than DO those which predict pro-
portion of consumption and production
In this country. for both situations
will depend to the greatest extent on
discovery Of uncovered pools.
The revenue of the American pro-
ducer shonld not be endangered by
foreign invasion of his market. Many
will agree with the statement of a.
w. Thomas. prominent banker or
McAlester. 70 the effect that the OPP
orator in this country is not receiv
ing sufficient compensation for his
efforts in comparison with the re-.
turns realized on investment in other
Industries. The chances which the
oil men take in their efforts to bring
TO the surface a universal necessity,
anr the expenditure involved therein.
warrant greater returns. Many oil
men fought gamely during the last
period OF depression. and those who
have pulled through should with prop.
er caution relative TO close watch OF
demand, again bee in action in fun
swing soon.
When down shopping don't forget