OCR Text |
Show MEETING DEMANDS While there has been an Increase of 3,47C;000 barrels In surplus oil stocTcs the last two months the fact lcnialns that oil storage tankage throughout the country Is very low. High price for crudo oil aro encouraging encour-aging drilling In new territory which Is absolutely essential to supply tho Increasing demand. Mldcontinent fields produced a total to-tal of 22,134,000 barrels of oils. In July or sllghtlj; Jesathan 60 per cent of tiio country's total output. Callfoi nla's production for August exceeded 9,000,000 barrels which excelled all monthly records slnco August, 1914. , New, territory Is being brought In Wyoming and Montana ami, with Improved methods of refining tho oil Industry Is doing everything possible possi-ble to meet gorwlng demands. |