| Show I Oil The Oil The Nuisance sudden It is lS interesting to note that t t sud- sud I- I den demand for whit what was hitherto considered a nuisance nuisance Crude Crude Crude oil led to the founding of the AmerIcan petroleum industry Many years Hars later a demand for another nuisance nuisance gasoline vas i as responsIble for the industry's amazing e expansion 1 and development de In 1895 crude oil was asa a substance regarded as encountered by b 1 silt salt drillers Then the world need for a satisfactory illuminant nt-kero nt found sene-found found a use for it lt Years later the discovery and application of elec- elec el cle to lighting seemed to forecast th the sudden death of the oil Industry Then the automobile Cann e into nce anda and a tremendous ous ex- ex demand M as Mn created for gasoline which to the industry hid had been aaste a waste aste found distilling dist rude rud oil In I The war accelerated the demand fc for petroleum The birth of the machine age brought blought with it a need for It lu- lu lubrIcants lubricants of all kinds The came into being as an important consumer con con- sumer As a result the oil industry almost al- al almost I- I most overnight o found that its facIlItIes facilities ties were ere entirely inadequate Ne New Newfields Newfields fields were ere discovered new refiner refiner- refineries refineries ies built and old ones enlarged tran trans trans- transportatIOn transportation facilities extended More Moi efficient processes were ere developed de eloped and market outlets increased No other oth industry has e ever er b been n called upon to male mala mal e a so great a capital outlay within so short a time or to so en- en large enlarge its scope This cataclysmic progress was as re- re responsIble responsible r for foi the present problem mainly problem overproduction mainly that of tion Once it was as called upon to per per- perform form a necessary public service in m pro producing more oil Now jt it IS is giving trivia every effort to achieving another r and an equally important public 7 that of adjusting supply to demand and an d conserving g our invaluable petroleum leum resources petro I f f |
