| Show EDITORIAL according to recent authentic reports 1937 was a record breaking year for the petroleum industry over a billion and a quarter barrels of crude oil were produced taxes paid by customers on petroleum products alone amounted to over a billion dollars during the year the total assets of the industry including land machinery refineries pipe I 1 lines tank cars ships is estimated I 1 in excess of 14 billion dollars over one third the national debt the petroleum industry is a giant among the great american industries its products are numbered in the thousands every household every business every industry uses one or more of its varied commodities its gasoline propels our cars and trucks along the highways furnishes power for 1001 uses on our farms business houses and and small factories its oils lubricate our cars and trucks our small gas engines our tools and miladys sewing machine if she has one it lubricates the wheels of american industry and I 1 keeps them rolling it is an essential product in this mechanical age its delsel deisel oil is in many instances replacing steam for power witness the streamlined stream lined trains I 1 its fuel oil gas and coke have become a serious competitor of coal for heating and power purposes its drugs have many uses in surgery and medicine without petroleum and its products our modem civilization would falter and perhaps die the wheels of our factories would be stilled our highways would become grass grown our railroads cease operating for thus f far ar but few satisfactory substitutes have been found for petroleum products and these lew few are relatively speaking expensive geological science can 01 only indicate the probable existence of pools of oil which mother nature has stored away in sands limes and far beneath the earths surface but only the drill backed by the faith tenacity of purpose and cash of those thos e who dare to place their all on what might lie ahead of the drill can prove the existence of these pools and thereby add to the wealth produced by this mam inam mouth industry and to their own |
