Montana oil journal. (Great Falls, Mont.) 192?-1931, 1931-03-14

Franklin. Wade Phlllips, Bob"
Stewart and some Of the others who
have been smart enough % bite off
q few millions for themselves Whila
BRONT0SAURUs was busy sOma-
where else.
Be that as Il may, we ara glad
that we are on the sidaiinee. HRON-
TOSAURUs never did try 10 take
the land. he merely took what he
could carry away. The land0wn-
er's rights are something that are
attached to the land and some
thing that aren't likely 20 be- COB
bied up or crushed out, even
though BRONTOSAURU may crash
the independents that may set ia
his ponderoua way. AS long as the
farmers own the land. they ara go
ing 70 have q share OF the oil. 40
long as civilization stands. the use
for oil win increase, and oil will be-
come more and more valuable. TIE
man who has Oh to sell Will have q
market for Il 80 long as revolving
wheels are a part OF our indus
rial system.
We are convinced that Il la Ma
NIPULATToN that has made
worthless" those millions Of dol
lars worth Of oil properties Ia the
AgldcoH4inenf Worthless" Dc
quoted in this instance. for Il goes
without saying that these properties
win In due course Of time fall into
the hands Of those who want them
and 81 that time they win be made
worth fabulous fortunes. Our only
regret rs that this organization IL
not in position TO take advantage
Of that situati0m. We could doubt
less buy royalties IN that ares
where SO,00e wells are Idle for q
few dimes--the Night OF the PrE-
RODACTYLs IL now going on. Roy
alties that will within q few years
make fortunes are being left be-
hind by those who can see nothing
but disaster in the present situa-
ton.
Thirty-csnt oil gaye the start 20
the greatest fortunes IN the Cali
fornia OF Industry. on at 90 cents
was 50 worthless" that the man
who put $100 intO tin Union OH
-could take cut $4,000 few
years later.
Fifty-cent oil made Wyoming OF
worthless: 20 worthless" that
there are instances OF an investment
Of $100 growing into s10o. eco. An
the t0othsess birds tapped thear
way 20 supposed safety and thoss
who adjusted their arm0r plates
or frightened ap their beiks--and re-
NAMED, made fortunes.
Again we are hack 70 Sc cent Oh
IN Wyoming and so cent oil In Cali
ifornia and OH IN the Midconkinent
is 80 per cent cheaper than the in
feri0r Venezuelan OH. Cheap gasoline
means more consumption. Thse
year viii probably be g record year
for gasoline sales IN America. What
win be the resnItf
We have passed ahrough several
depressi0ns since 1881. This IA the
eighth. Three Of them lasted SIX
mOnths; one. NINE months: two
TWELVE months each and one 9TH
e.. tbs longest. that OF 1883, lasted
FOURTEEN months.
How far away Is the revival that
we KNOW Is eomlng7 II Il not far
away, IL comparable with the worst
depression In history.
when prosperity returns ths price
Of crude win so up. no matter
whether the giants or the little
fellows" are ct the helm. Those
stripes" wells that are to-day shat
down are the backbone OF the In
dusfry. when Il becomes profitable
70 operate the ''strtppers', the roy
atty owners will get the most for
their OIL Now Is q poor time %
SELL oil. II is the time 10 BUY
oil. That is what we are doing
Buying at the lowest prices IN tie
history Of the OIL industry.