Salt Lake Telegram | 1921-08-07 | Page 21 | Oil Refining is Restricted

OIL lUll REfiNING IS IS Plants in U U. S. S Operating at 70 Per Cent of Capacity NEW EW YORK ORK Aug 6 The The oil all relining refining Industry is operating at 70 per cent ca ca- ca While American refineries s have havea a total capacity for refining OO barris bar bir- r ris ls a n. month they are arc are refining slightly less than barrels monthly In InI Including including In- In domestic and Imported ort d crude I Dally Daily refining capacity of ot all plants totals barrels There are 41 plants of ot which more than are aro reported shut down Tho The refineries operating are running about 8 SO per cent capacity This showing compares compares' favorably with that of or tho the steel Industry operating loss leas than 30 per percent cent and the automobile In industry In- In running under GO fiO p per r cent ca ca- ca In I May the tho latest month for tor which fIgures fig fIg- figures ures are a about 12 per cent of ot gasoline g 13 per pcr cent of 0 gas and fuel oil and 17 per cent of ot lubricants manufactured manufactured were added to storage the tho remainder er being consumed Consumption of kerosene kerosene kero hero sene seno ran slightly ahead of or production As Aa In other Industries certain plants are operating almost at capacity while others practically all small plants pant are either cither shut down or running 25 t to 50 BO per cent Refining companies which operate rate their own marketing seem to experience less difficulty In moving mo products than those which sell refined products to other othe companies s. s Refining costs ha e been reduced materially mate mate- flatly although the tho decline has been less drastic than In other othar Industries however How How- I ex ever cr cr much has to be bo done In hi the tho ion on of oC oil men In reducing present largo large of ot refined products before any great Improvement In prices can be looked for which would form the tho basis of or Increased In ln creased earnings On January i 1 1 1921 tho the government go Is Iss Issued issued Is- Is s sued statistics showing there were refineries In the United with total dall dally daily capacity of ot barrels Subsequently Sub Sub- monthly figures have ha been made public showing number of at plants actually In ln operation I No plants Capacity operating cIa dally daily 11 May l April March February January These figures Indicate ate an Improvement I In n operations In ln April and May Hay over previous three months due to to Increased oil all demand In spring months I