Show BJ BIG PROFITS MADE IN If STORING PETROLEUM Food Tood Is the first human necessity Cloth Cloth- Cloth I ing log is the second And oil is now the third But the crops of grain cotton and wool are annually renewed while the crop of oil harvested Is gone forever BuyInG Buy Buy- ing inc up and holding holding- the present surplus sur cur I plus plu grain cotton and wool crops ClOPS for higher prices would seem to be a wise vice and v winning Inning speculation Hundreds of or millions mil mu- lions of people are short of these which are so superabundant here that the producers cannot get the tue cost of production When hen the dislocated foreign exchange situation and the upset commerce com corn merce of the world are readjusted much higher prices would seem to be certain to come But there Is always the danger that bl big crops last year may be duplicated this season The speculative outlook for storing the surplus oil crop Is far brighter Not only Is home borne consumption rapidly overtaking the Increase In In tho the home homo production of oil but the world oil situation is known and ana the outcome certain Just at the times when new inventions are arc Inducing the entire entire en en- tire population of the el erth rth to use vast ast quantities of oil scientists clearly see ace the approaching of the world sup sup- ply Allowing for the greatest possible production production pro pro- from und undeveloped fields It is certain tam tain that the overwhelmingly increased world demand will vill soon push the universal sal sai price of gasoline above 1 Jl a gallon It Is about 1 I a gallon In Europe now and no substitute I Is In sight Instead they are trying to Invent a one-man one auto that will go 10 seventy-five seventy miles on one gallon of ot gasoline It would pay the refineries of this country country coun coun- try better now to store tho the entire American Ameri Amerl- can output at present prices than to convert con eon vert Crt It into gasoline Probably they are doing this to extent that an nobody sus sus- Immense storage tanks are going up UI at Salt Creek and elsewhere In some come Oklahoma fields every producer Is agreeIng agree acres ing to suspend production for fifteen months month The rhe ground Is the best place lo to store oil Wyoming Oil News r |