Show Oil Prices Expected By Ira C. C Tichenor Tichenor- Tichenor JUDGING JUDGING from statements of officials of various oil companies S J c experts in In the industry and of some Borne federal officials a continued advance nd in the price of petroleum products can call be c expected as a result of or the constantly increasing demand both at home and abroad B. B L. L Doheny the California oil magnate oil Is la says not high compared other commodities and believes s w vo wo will see sec materially higher prices for tor thIs product before th the oil problem Is solved Statistics Statistic Justify better prices S right now no he Ad a as we must mut conserve our supply Doheny companies this year ear havo purchased j acres of ot oil bearinG j Jand In California for tor future development Mr Doheny says which Is Ii of or a R. campaign of or oil producing p companies to obtain more marc production The government go should make it worth while for tor Americans to pioneer t for r more oil aU production both in this thie country and In foreign fields especially Mexico and Central and South America In this connection tho the present prIca of ot oil Is 18 not sufficient to encourage production In small fields This proS production pro pro- S In the aggregate would be a n considerable item Some American AmericanS S genius must supply us tu with mechanism that will permit the use of at cruder l i grades of oil oft In motor vehicles thus reducing the demand for tor higher grade gasoline L S ST T f Martin sartIn H. H Goodkind another Independent producer sa says 8 of ot all 11 r oils oils and byproducts Is lower than in any other country countr so that if It present d demand mand continues and stocks of ot available oil are reduced a as they are being now noV no one can predict what hat foreigners will bid for tor our oil I For years ears says Jays Mr Goodkind the major part of ot our oil all was waa exported and nd foreigners made the tho price Germany was as ono one of ot our largest larest customers and when tho the Germans and other countries be begin ln again to buy demand willbe will willbe be still greater prices ml may advance ance material materially No factor In transportation costs cost at present presen prices is cheaper than gasoline nor Is any mineral product cheaper At 4 a a. barrel crude oil Is less than 10 cents a SL gallon cheaper than I milk spring waters and numerous commodities Sugar is now 20 cents a aI I pound and if It we figure oil b by tho the pound as is done in some countries crude oil is selling for tor about 1 cent a pound Dr George Otis Smith director of or the tho United States geological survey suney in a a. report bas based d on data compiled since the armistice was signed reveals how hoc tho the war on the tho American oil supply In rn those terrible four tour years S h h he said ald every now new machine of or destruction on land and sea in tho the heavens above e and the depths below depended on American oil wells for tor Its motive power and the peace demand for petroleum products has already overtopped S the war peak Ten years ago aSO Mexico was as our customer for tor crude as ns well as ns asfor asfor for tor refinery products but now wo we are dependent upon Mexican wells Without Without With With- out tho the barrels imported from Mexico in March our present situation would be indeed critical In view of or tho the fact tact that Americas America's coal supply is measured b by the tho thousands or years of-years years while the the oil supply is measured only by decades there I is a pressing need for conservation and which it would seem should begin with the prohibition of or the burning of or oil In railway locomotives |