Ogden Standard-Examiner | 1923-10-25 | Page 4 | Is There Promise of Lower Prices?

IS THERE PROMISE OF LOWER PRICES The cost of liing 1 ing possibly may get ct quite a jolt downward as are a re- re re result suit sult ot of o the present of ot the oil Industry Things a nere ere going along merrily prosperously in the oil ott Industry Industry- Industry hen suddenly the drillers struck enormous lS gushers In California Tho Iho fhe oils from front th these se ells is exceptionally exceptionally high in gasoline California now la Is producing 40 per ver two cent cent two fifths ot fifths of the oil In iii the United States Very fine for fOl the owner ot of the California well But Dut the owner ot of the Bell in other states Is In a tight corne corner Ills Ilia prices on oil yielding lass gasoline barrel have been slashed time atte after time The result Is that the producing producing end ot of he oil business in general Is la In noise 01 se shape as far as profits are concel ned than any other big bIg- basic worse oft of than farming As iou ou know oil pro production Is in the main separate and distinct from refining The Thai pipe pipeline line companies and refiners let the man take the chances at finding oil then bU buy his hia oil oil-If oil It he finds and any any and set prices without consulting him How can this effect affect the general ost ot of o living Heros Hero's how bow There are about oil wells In III America Ice ica and new wells ells are drilled con con- constantly constantly So tle the oil Indu Industry try con con- consumes consumes enormous quantities of ot Iron And nd steel especially pipe sine ajao wire and manila cables and a great vi- vi variety va variety tidy ot of manufactured goods foods Prices always are about boutas as high u as the buyer can caU pay p y A An oil In- In In Industry basis baits operating on a losing cant can't pay former high prices price for supplies happen 8 oil prIces used ot of materials rise again prices by the oil Industry will by br com corn competition competition petition tall fall Once started theres there's too no o telling where such euch a drop would stop nor now bow many commodities It would af at- at feet