Show ore About That 10 Oi By Ira C. C Tichenor J i toI to I HERE INHERE has been displayed in n some quarters a disposition I t ridicule the article in this column a few days ago concerning he lie possibility and even probability of the he price of crude oil going i l that h s high as 10 10 a barrel It I t will be recalled that predictions Pennsylvania Pennsyl pennsYl- ey Pennsylvania oil would sell at 5 were were derided a as preposterous yet anla vania oil now Is 5 selling a dollar doUa a barrel barrel above that figure gure when h Tf Had the thern prediction of ot f 1101 oll been made about three years ajro aO attracted no I oil oU was selling at 00 90 o cents a barrel It tt t would have for tor serious because because It would h have ve been beem regarded as s too preposterous I Considering the fact tact that oil on now Is selling at a a. barrel barrelS l Jan F f an Increase Increase of ot a barrel ln n n three years the Idea of ot 10 oil should hould I connection the a a. little reflection Instead of ot criticism In this use Iu I 1 Uon of ot the following telegram from Washington Is appropriate T Reflecting the seriousness of ot the fuel tuel oil on situation the geological survey I I demand for crude oil on In January was about last Monday that the announcement the December This demand than In barrels greater c In domestic production and In Mexican d will require a continued Increase with heavy drafts on the stocks on hand which now aret are together Imports ports determine what wh t are to must begin that tho public Warning 11 one too large t cone one the survey showed essential uses of ot petroleum and its products i th e most than In In January barrels banels greater dally daily production was although that i t. t exceeded the total to such an extent that December ember consumption D increase of stocks on hand despite an II I barrels had to be bo withdrawn from Imports over exports of ot barrels and private i Another report from Washington states that the government Interests foreseeing an oil famine h have Ve begun a survey of ot Mexico and 11 Latin America ll with a view to locating new fields to supply th the United stated have been started by spokesmen for tor s1 States tes Quiet Q let negotiations It Is to the the dispatch of ot an official q f this Ts government and for tor Mexico preliminary American mission into Mexico to study the oil oU situation It is understood that iEt the mission will wUl consider the advisability of ot this government leasing or developed by the United States lands to be buying ring Mexican oil on oil It would that a already has been made in oil seem JB money i. i I While big tilI greater amount yet is Ia to be realized and that 10 oil on Is no idle dream |