Show Iril il Industry Value Set at Eight Mi Million Ii t. t Refineries in Utah 1 Contribute Large 1 F Payrolls oune aplenty is required to toe e p a myriad of ot automobiles and rocks licks moving over Utah's highly high hg ly 1 a fact which which c coupled wi with h hie ic ie business s acumen of a group of ot rt has i resulted jn in creation of ii I oil industry worth to toie ie state ic-state state annually So extensive have become the ac ac- of oC this industry that thatA A. A S S. rown rown Utah Oil Refining company compan lies de manager who served as 88 Utah irman of oC the code of oC fair com com- i for the petroleum indus indus- y 1 estimates that between id nd persons are dependent ir r r their on the prosperity r the the oil business This his number represents almost VP VI per cent of the he entire on oh on of the state so o the oil indusI indus indus- y I can lay claim to being one ofu of ic u states state's largest f i Two Refineries Two refineries are in operation in t. t tah h providing employment for of workers One Oie the thel Utah Oil R g c corn corn- m- m ihy Iy plant in lin Salt Salt- L Lake le City which U is 4 a capacity of barrels barrels- of oC ud tide oil is the per day outgrowth a. a bay liny business established back 9 to ma manufacture tu axle gr grease oc oil and harness oil The other plant is that of the satch Oil on Refining company at roods Cr Cross oss recently completed Even though the thc oil oU industry in lii tah is L. thought of mostly in terms l refineries refineries' and service stations f pr present ent there are indications at this will not always be so o. o Interest in exploration for oil Int jn In t ah tah h revived considerably during e C past year ear and drilling opera opera- ins ms ns have been in progress in the seo section of the state There are possibilities too that e time time may may come when the de- de of the oil shale and canI can- can I 1 l coal deposits in the thc state will ovide employment to many Oil Coal Found Excellent showings of or cannel coal coalLye lve ye Lye been reported southeast st of or CeLi Ce- Ce Li r r Breaks and oil scientists have cady ready developed a a process by byi lich ilch i h it is possible to extract high ce motor fuels and oils from tars avy sulphur and even als ls This Utah cannel coal av- av ages ages 75 gallons of oil per ton Iton t l d l I the prediction has been made madet at t within ten years ears facilities to extract this oil may be established I In n the state A suitable price for tor torI I petroleum products must justify jusUf any development of the cannel coal or oil shale deposits however it is admitted by those who have studied the he situation Geologists have estimated however however how- how ever vcr that the Utah oil are capable of providing more than four our times the barrels df f crude oil produced in in the United Stat States since 1859 A A. number of oil wells are reducing i lg in Utah but no exten- exten ive sive supplies supplies' of oil in commercial quantities have been discovered Meanwhile however howe the search con- con S Regardless of ot the success of these possible future developments howe how ever it is only necessary to examine the he oil industry as already developed to o realize its Importance to the state tate Money Noney J aid Out The Utah Oil Refining company compan for Cor or instance not only pays pas per hour lour of every working day in wages but also pays per hour for or freight much of which ultimate- ultimate ultimately ly Jy y goes into the pockets of working workingmen men and per hour in taxes Men and women employed by this c company r receive in wages yearly early and products of or the compan company com corn pan pany used entirely in Utah and near near-by states are valued at 8 8 per year In recent years manufactures from rom crude oil have approximated gallons of gasoline 1750 00 gallons of lubricating oil 1 pounds of grease pounds rounds of paraffin wax and other petroleum products The Wasatch Oil on Refining compan com com- pan any pany while much smaller than the Utah Oil Refining company is progressing progressing pro pro- gressing rapidly and earning its place in the Utah industrial picture |