Show taLL WLL GREEK CREEK DOME NORTH OF RANGLEY R Organise Compan to 0 Bore Boro 11 ell cIl r tinting or of Standard d Oil CO Company lI Twenty well mown known men lUen of or Roose- Roose r relt felt and find vicinity have filed filed on a large acreage of oil lan land in north- north Color Colorado do about 15 16 t tiles miles north of Rangley and GO 60 miles from the famous fanions Hamilton dome The territory embraces the Skull creek dome donle which was discovered by J. J B Crapo Crape geologist no now of or Roosevelt formerly of of Idaho W W. L L. L Woolf x one of the company went to Glen Glen- road Springs u a sh short it time ago and tr made application In In the U. U S. S land office once for the I land It is reported ted that the lessees arc now negotiating Nom with mill a subsidiary of or th the the Standard on Oil company to Ito bore a n well this t summer The men interested ed In the Drop Drop- proposition are Chas F. F Schrader Heber T T. T Hall R. R S S. S Jordan W. W L L. L Woolf J. J B. B Crapo W. W A A. A Warthen H H. R. R Sturgeon Emanuel Swain Mark Russell Lee Anderson J. J H. H Harrison Samuel Paige James Paige Ray Labrum C C. C C C. C Collette J. J Frank Owings Sterling g Collette Lars Nelsen Clarence Labrum Sim Russell Russe Thousands of acres in northwestern northwest northwest- ern Colorado have been leased lately late late- 4 ly s and the Glenwood land Jand office has hasben b ben en swamped Many lany drills are said to o be on the way to the Craig b country countr at af this time 1 The problem of the future oil supply is perhaps the most acute of ot oftie the tie n mt many that loom ahead That the rate of petroleum consumption is increasing faster than the rate of supply is generally accepted Oil re reserves re- re serves terves in the United States Stales are being beng be be- being ing ng more rapidly exhausted in relation relation rela rela- tion to dern demand nd than any other economic economic eco eco- I mineral TI The e wonderful California areas 0 where fortunes blossomed over overnight overnight night are on the down grade Sooner Soon Soon- er or later the co country mt must find sources of supply abroad because the nation is fast draining the reservoirs reservoirs res- res of oil In the last twelve months alone there has been an increase of 26 per cent In the consumption o of gasoline gasoline gaso gaso- line Une 15 per c cent nt In the use of lu lubricating lubricating lubricating lu- lu oil and 11 per cent ent in the demand for fuel and gas oil In 1923 the United States spent 1 r for gasoline alone 1 The Tte motor cars and trucks in ill this this country must be he kept going To do this gasoline coati consumption con coat i has hag grown by leaps and andi i bounds until last year out of a total Production of Hof barrels the country consumed and exported j all aU but 2 barrels In the the past five the rea years s the number of automobiles automobiles automobiles auto auto- mobiles has doubled The motor vehicles of or today may be OO six years hence Front From acute acuto dislocation brought about by prod over production over in Cali Cali- California California California fornia and Texas the industry isnow ISnow Is Isnow now turning the corner The days of oC f The oil aLl well are numbered The rhe transitory quantity of or petroleum stirs the incessant s search for Cor new newfields fields The moment the of offensive f for or new areas areas' stops tie tle growing do- do for gasoline lubricants lubricant S and fuel oil consumes the the available stores and wildcatting must begin i aU all over again r r |