OCR Text |
Show f Hunting for Oil : TUB. action of the Salt Lake Commercial club in appointing an oil development committee is timely and should be productive-of results within the next year. There can no longer be any doubt but what Utah will be the scene of extensive oil prospecting during the current year. As a matter of fact, this work is well under way with drilling actually in progress. Enthusiasm preceding these tests Is of different differ-ent degrees, but underlying it all is confidence that one of the greatest oil structures in the United States is to be found in this state. Development De-velopment is essential to successful production and consequently It Is highly Important that the Commercial club keep in close touch with these activities, when the development is in the initial ! stages, ' Once the field has been proven it will need no help from this or any ottier club. Oil is the fastest money in the world and has been appropriately appro-priately termed liquid gold. When it is demonstrated demon-strated that the Utah fields carry .oil in commercial commer-cial quantities they will .prove to be one of the state's foremost industrial helpers. In the early davjgfany oil LfieM thfrg U ari abundance of speculation, which makes wonderful wonder-ful markets for wildcat stock. It is in this respect that the' Commercial club committee can be of immense' service to the state. It can help to jvomote legitimate endeavor-and-fesfec4rng-a nd can aid in stamping out unscrupulous operators. The committee should inform itself early of the actual conditions in the field. It should be possessed of complete and concise information on the operations, so that it can intelligently inform those seeking dependable information. In this way Utah can eliminate much of the distress and discontent which follows in the wake of the discovery of oil |