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Show ROBBING OIL I PRODUCERS. I Ten thousand oil producers in H California arc threatened with H ruin by order of Sec. Daniels of H the navy who has requistloned H fuel oil at eighty-six cents per H barrel at tidewater, which j costs one dollar and twenty-.three twenty-.three cents per barrel In tho . field. Market value at tidewater at world price is ono dollar and sixty cents per barrel. This . Hatter price was fixed by Fuel .Oil Adminstration at whose re-I re-I quest the price of crude oil was jaiBcd twenty-five cents a barrel. The terms of the navy order 'are mandatory and oil prodtt-ccrs prodtt-ccrs and marketing company havo no choice but to deliver oil at the confiscatory price or sub-mit sub-mit to seizure of plants man-iiiacturing man-iiiacturing the products. All jothcr departments of the gov-eminent gov-eminent are paying market price Manama commission opened bids this month for crude oil nt one fidollar fifty-two to two dollars 1 J'cr barrel. This was mostly Mexican oil from field near by $vhlch cost twenty cents a bar-rel bar-rel to produce. California fuel oils contain very little gasolino 'but sell nt higher prices on the 'Pacific coast than southern or American oils Bell on the At- w Action of the navy department will prove ruinous to the oil "producing industry. There is no ustico in this kind of treatment and it Is ruinous to Industry |
