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Show SALT LAKE HAS LARGEST OIL PROCESS SYSTEM IN MOUNTAIN WEST Salt Lake City's position as the principal oil refining and distribution center between Kansas City and the West Coast was highlighted Tuesday in an Oil Progress Week address bv John E. Swearingen of Chicago, executive vice president of Standard Oil Company of Indiana. Mr. Swearingen spoke before several civic groups holding a joint meeting in observance observ-ance of the oil industry's annual week-long "report to the na- tion" program. He pointed out that the city's four refineries, which process and refine close to 100,000 barrels bar-rels of crude oil per day, provide pro-vide a major share of the gasoline, gaso-line, fuel oil, and lubricating oil needs of Utah, Idaho, and parts of Oregon, Washington, and Nevada. The four plants are continually continu-ally undergoing modernization and expansion, the Chicago executive ex-ecutive noted, predicting that substantial new investments in local refining facilities will be made in 1956 and 1957. Such a prgoram, he said, will materially mater-ially benefit not only those who are employed in the refining industry but the state, other industries in-dustries in Utah, and residents of the entire area Pointing to other benefits resulting re-sulting from oil industry operations opera-tions in Utah, Mr. Swearingen said that during 1955 the state received revenues totaling more than $13 million from motor fuel taxes.- "Your primary "and secondary road systems, upon which your expanding economy so much relies, are largely financed fi-nanced by tax revenues derived from motor fuel," he observed. Turning to competition among oil marketing firms, the Standard Stand-ard Oil official stipulated that "competition not only determines deter-mines to a major extent the service ser-vice you now take for granted, but also assures you of the finest fin-est product that science and manufacturing facilities can produce at the lowest possible cost." |