Show Problems oil OU mah make change the oil ind industry Is used io to dealing with uh tough probie problems ms and one of the tho things tha that t keeps iton won its toes li Is th that at the ps problems 1 0 beems are constantly c changing ansing h A year ago th the e grea greatest tes t difficulty was to produce enough crudo crude to meet an apparently endless demand for oil products of all kinds that problem has been solved at present the oil industry is capable ca deleot of producing p duc ng larger quantities of crude than the demand will absorb another problem Is of a very wery ery erv different character it its Is found f in a shirt shift t in the kind aind of oil products consumers want tho the m market arket for go gasoline soline and other light products has expanded heavily while ohp markot market for heavy fuel oil has crown own but little in the we western s t ern enn par part t 0 of tahe fahe the country as aul art ex example ampie demand 1 for tor gasoline in 1048 was 83 percent cent higher thanin than in 1040 and bon ton consumption of diesel and light distillate oils rose percent acen but the market for leavy icovy suei fuel oil Increase increased donly only 38 percent the difficulty this sittia situation tion creates it obvious each barrel of crude grude will yield only so much gasoline and light oil oll heavy henvy oils olla must be produced whether there is a maget market for them or not and this fact in turn has an influence on the price that must be charged for oil products if one derivative of to crude s sell in sufficient quantity the price charged for others must be higher if the industry is to ke keep out of the red oil oll eps as still a pioneering en enter te prise and still meeting and solving new problems |