Show LET US NOT CRIPPLE PROMISED OILFIELD development utah apparently right now is on the eve ot of making a name for itself in addition to building up the wealth and population of the commonwealth in the growth and magnitude of its incubating petroleum industry that critical point has been reached where ahert it is going to be easy to cooperate with the men and interests who are ready to invest huge sums of money in the further development of our potential possibilities in this line of business endeavor and it is is going to be just as easy to cripple or defeat the movement that promises so much for the immediate future within the past few years millions of dollars have been spent in the state particularly in the southern portion of it to prospect and test out possible oil and gas formations considerable headway has been made and we believe the sentiment of the people of the state is to encourage and support the effort it is going to take hundreds of millions of dollars to convert utah into a potential oil and gas producing state just as it has taken huge investments of capital to make california oklahoma pennsylvania texas wyoming and ther other states the great producers of petroleum they are it has required or more to bring the utah oil refining companas Comp anys plant in this city to what it is today we must hist all admit that this enterprise b has as been a benefit to this community and the state without injuring a soul financially or otherwise that same company and its associated interests have spent a million or more already in trying to demonstrate that utah is with petroleum deposits and they are still at it so are many other powerful oil con erns of the country and they are not discouraged on his return from california a few days ago jo john hn C howard president of the utah oil refining co and one of the states most enthusiastic and consistent oil boo boasters boosters bo told the press that to justify the building of a contemplated pipe line for the transportation of petroleum out of the moab country field a potential production of not less than barrels a day would have to be assured if a line was built to thompsons Thomp sons to build a line to the coast many times that much would have to be produced so it can be S seen een that this oil business requires large capital but we have the assurance of petroleum geology geologists is ts and oil operators that the oil will be secured and that pipe lines refineries cracking plants and everything else that belongs to the business can and will be ours if we will just give the oil man a chance and treat him fair these things must be borne in mind by our state lawmakers when they consider what laws rules and regulations should be made applicable to the oil industry it develops that the montana legislature now is considering a lot of oil legislation and oil men are complaining that some of the things they propose would ii if enacted into law quickly knock the props from under the already flourishing oil and gas industry of the northern state let us hope that the utah legislature will refrain from doing anything that may shut out the capital that is now needed and promised to round out the development of our potential fields |