OCR Text |
Show Colorado Oil. Denver Republican. It is only a few years ago since it was considered a matter of experiment as to whether Colorado could be made an oil-producing state. A few wells were sunk in Fremont county, which produced pro-duced three or four barrels of oil per day, but now the output of the oil region is so great that from 1300 to 1500 barrels bar-rels of oil are refined every day. Practically all the oil consumed in Colorado is produced in Fremont county, and surrounding regions draw their supplies from this state. The in-dustry in-dustry has thus become a very Important Impor-tant and a valuable one to Colorado. It adds largely to the wealth of the state every year, and more than this, it gives promise of great growth. There is no doubt that in course of time Colorado and Wyoming will be ranked together among the great 'oil-producing 'oil-producing regions of the world. Prospecting Pros-pecting has shown that oil exists in enormous Quantities in the nnntral nn of Wyoming, and there are indications of its presence in several parts of this state. It may almost be considered as settled that oil exists in Archuletta county, and there are abundant indications indi-cations to justify the sinking of test wells in Mesa, Garfield and Rio Blanco counties. 1 This isimportant not only considered as a local iudustry, but also in view of the probable exhaustion of the oil regions re-gions of Pennsylvania, Ohio and West Virginia. Some persous have feared that Russia would drive the United States out of some of the great oil markets mar-kets of the world. This is not likely to be the cases as long as the supply of oil in this country is equal to the demand; but if we were compelled to look out into the future with a prospect that our oil resources would be exhausted as soon as the supply in tho East is consumed, we would have to recognize that in the course of probably a few years the price of oil would rise so high that wo would be unable to complete with Russia in foroiga markets. But the country may sou the exhaustion of the Eastern oil regions without fear, for the West will come to the rescue and will furnish oil enough for the consumption con-sumption of the world for generations to come. |