Show o COST OF PRODUCING OIL The cost of producing any c ram om m has only a remote upon the price Demand is is' is mud more important The fall in the thi price price of crude oil is not the result t o of f any ascertained decline in the theco co cost t of producing it Nor is it the thc result of decreased demand On the thc contrary the demand is insistently increasing all aU over the world mud faster that the supply is increasing All authorities agree upon this fact The present decline in oil is ab abnormal abnormal abnormal normal and can only be temporary The explanation is entirely In the tho panics gold Bars Dars have beer able while legal lagal tender greenbacks green backs were frantically sought ai at high premiums This was because creditors could not be compelled tc te accept gold when they could be comPelled compelled com p to accept greenbacks The slump in crude oil in the mid mid- continent field is enormously help- help ng the automobile industry and is rapidly stimulating the co consumption of gasoline In this respect the slump is producing its its' own cure and forecasting forecasting forecasting fore fore- casting the early recovery of recent high prices The world is short of 01 the oil it ft needs and d getting every day This can not be said of any other co commodity Wyoming Wyoming Oil News Government statistics for gasoline consumption in January 1921 show increase of nearly 30 per pers cen cent over January 1920 Domestic consumption consumption tion show shows gain of 23 per cern cent cerI and exports 55 95 per cent |