OCR Text |
Show THE AMERICAN OIL PRODUCTION .Amcilean TVtroluum Institute i port placns woild pioduetlon ot petroleum pe-troleum In 1&20 at 6S9.O0O.O00 bar-iota, bar-iota, against f.67,uOO,000 baj-rels In 1019, gain of 13t.50.0OO oi 28.6 per coiit. Increase last year compared com-pared with anaverage ot 6.5 per redt In ten peai period lo lfU9. Of tho 1920 production Ihe United States produced 143.402,000 banvls, a caln of 17.4 per cent envr 1519. Kxports of oil from tho United States for tho jcai, 73,821,667 bariela, a gain over ov-er the pievlous yivar of 24.4 per cent. Impoits' 110,000,000 barreks against' 57,000,000 in 1910. 93 per cent gain. A total or 437,579.000 barrels of oil wiifl consumed by United State ro-flneiies ro-flneiies lu 1920, while stocks at end ofthe jear were 137,000,000 barrels or 31.3 pei cent ot production. There Is a growing sentiment against the move to prevent American Ameri-can oil exports as It Infringes on the right or Induntiy to noek markets and develop liade foi Its surplus stocks. |