OCR Text |
Show THE OIL SITUATION TO-, TO-, DAY ' Impoitauce of Mexican nil to thn douiihtlc petroleum industry Is hown by stock or fuel oil which .-. 'the end of .lanuaiy, 1S21, totaled 'i-l.UOO.ooo Millions, a high tocord, .UK about 270.00O.0o0 callous in evJ ios of a yea I ago. Half or this big ' 1 i ...iiu look pltu-e on tho Atlantic roast. In reflneilos owned mostly by companies intoiostod In the Mexican oil industry as producers ind export- , us .and which impoit 7,000,000 bat- ' ilb ol .Mexican oil monthly .thus In- aic.illug that Me.lcan oil Is mainly j n sponsible for the iDcreaso In tho blocks. Stocks In Gulf coast lerinerles Increased In-creased from 181,000,000 to :i0t,-000,000 :i0t,-000,000 gjllons 111 tho same poilo... or CS per cent. The Ineiciw in th . and Atlantic eoast divisions was much greater than In nn other rn-flnlug rn-flnlug eenler. In I'allfornla whet.. Mexican oil Import are small. His Hlltlatloii was itveiM-d, sliwks o-crraAlng o-crraAlng fiom 23 8.000.000 to 1 11.-000,000 11.-000,000 gallons or 4 r. per cent, A. nplte record output In California for 1H20 cr lOfi.OOO.OOO baVielh. This answers l he question as to why kahoIIiih priies on the Pacific ocast have fallnl to show u cloellnr ,is in other pailH of tho eotinti). |