Show lACK DRILLiNG A GAS A 1 f DL DLf f r I Experts t Draw Conclusions Concerning Acute S cute Oil OilS 7 k Situation S Ct I NE NEWYORK tr K Ma May 2 22 The The third of a series rIes meetings between the Society of 1 Engineers the American Petroleum Institute of the National X to ChambEr chamber of Commerce held her here recently and oth other r meetings with oil all 1 men men brought out the following conclusions conclusions con con- 1 f Th The present ms nt shortage and necessity sity increasing the price of gasoline 1 f the ie r result sult of f too little drilling last j. j year ar r and irid Is therefore only a temporary S situation There here may be temporary on the Pacific coast and her here and J. J Jh the co country r 2 2 i Eha hi figures fIgures' show that of the crude oll refined last ast year the gasoline f from om each each g gallon llon was 22 2 per cent In t Jie fie e Ea Eastern tern section it was 22 per cent on n the west coast only 12 pe per pel cent whereas in the Midwest where production pro pro- pro pro- auction is biggest 35 per cent of gasoline gasoline gaso gaso- line was taken from each gallon of cr crude foil oil With th the East and West coast companies using the cracking processes so so generally used in section a great increase in the quantity quantity quan quan- of gasoline of-gasoline is assured t 3 It was not believed that gasoline will go above 35 or 36 cents at retail The the r he cent 60 talk tall tallis is nonsense 74 4 G Gasoline cops consumption during durin the past twelve lve months was was less than pro pro- S 1 i t 5 5 One ne prominent oil man st stated ted that as the present situation is the re result result re- re sult suit of an emergency the bid price on oil Il will remain high but with the present present pres- pres ent bid price of per barrel for crude oil oU In the Midwest field more active drilling with the resultant inS inN in- in S N teased production willS will follow 6 The same oil man stated that S with this this' Increased production eel U Uc c come me a lower price for gasoline He believes that next year 1921 gas gasoline line should again sell at less than 30 cents p per r gallon v 7 S The oil men advise the use 0 of ot more careful designing of motors for br greater economy in fuel consumption consumption con con- that truck users should be warned against running motors when tr s' s are not moving and that carburetor carburetor carburetor car car- adjustment for economy should be be- bea a general g practice with all cars 8 s The rohe automobile manufacturers s1 suggested gg the need need for a better grade Af ot of gasoline as the present falls of clean combustion and reaches the crankcase diluting the lubricating oil with r resultant result result- ant nt damage to bearings that the oil people should inform us at least a year or Ct two in advance the quality of gasoline gasoline gaso gaso- line lineS that will be offered 5 9 Tour our com I committee hopes to o issue a definite statement on behalf of ot the three thre organizations that will vIll reassure reassureS t the e country as to to- the gasoline supply supply- S and effectually shut off oft the hysterical statements of meaning well but not al alI always always al- al i I ways was well-Informed well individuals who talk tk about cent 50 gasoline I |