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Newspaper Page Text
Montana Producers Won't Agree
Vinson Forecasts Jump in Oil Output Without Price Increase Members of the Montana oil fraternity, while not in sympathy with re jection of the proposed 35-cent increase on crude oil by Stabilization Di rector Fred M. Vinson, will probably be even less in sympathy with the alternative methods suggested by him, as a means of increasing the nation's oil output. < Most news accounts adequately covered the reasons given - by him for the turndown. What most of them didn't 'carry were Vinson's ideas as to how the desired production increases may be had without increasing the price of crude oil. Here's his program, as he out lined it, and with all figures quoted exactly as given by him: Full use of the productive ca pacity of Texas oil fields, which are estimated to have an unused capacity of more than 300,000 bar rels daily over the September rate of production. Increased drilling in proven areas, as distinguished from wildcattlng. Vinson said the drilling of the 19,000 wells in proved areas, as planned for 1944, would "contribute significantly" to the country's pro ductive capacity, without the neces sity of a price increase. The use of foreign oil. He esti mated that at least 337,000 barrels daily of foreign oil would be used Toole County Abstract Company LICENSED BOKBS) UR1ACTOM SHELBY MONTANA ' 14 (fautdfj. r *• . ( rl K 1 % But Somfone Else May Want to Tcltphaae AH the world love* a lover but not when he he* up the party fane to other people can't use the telephone. That la particularly true today when ao many call* are urgent and important because of wer work. Most party line users realize this end keep their conversation* brief. /4 Pmff U a PaûUotU £i*t fM8 MCWWTAIW STATUS THJPMOWi A TlUOkAPH COMPANY Made to Exacting Specifications by Glocier PROPANE BUTANE NATURAL GASOLINE V .if •GLACIER 4 PRODUCTION COMPANY BUTTE CUT BANK •f », by the end of next year, as a re sult of measures under way to uti lize available foreign sources "to the full." Estimating that this country, with only 38 percent of the United Nations' crude oil reserves, is sup plying 75 to 80 percent of the oil for the war, Vinson declared; "There can be no justification in exhausting this country's oil re serves at the most rapid rate pos sible if there is any feasible alterna tive." " Vinson also said that any incen tive program would have no ef fect on crude oil production for a year or two, and that there was no prospect that such measures would result in any increase in gasoline for non-essential civilian use. NEW PRIORITY SETUP Relative priority groups have been established for the refining of critical petroleum products re quired for the armed forces and essential civilian purposes, the pe troleum administration for war has announced. U. S. refiners will be informed of the suggested prefer ence groups for the various pe troleum products by PAW's district directors of refining. Oil Trade Notes All truck operators have been forbidden to inaugurate new operâ lions or extend present routes without receiving prior approval from the ODT under new orders issued by Joseph B. Eastman, di rector of the office of defense transportation. All truck operators performing over-the-road, local cart age or pick-up-and-delivery opera tions are affected. Production of 100-octane aviation gasoline today is more than four times greater than production in the early months of 1942, and with in a few months will be about eight times greater, the petroleum ad ministration for war has announced. PAW also said that present pro duction exceeds the 1944 goal of ultimate requirements as set by military and government author ities in the spring of 1942. At the same time PAW released the first list of new 100-octane plants and their location. Since Dec. 7, 1941, PAW and the oil industry have ini tiated 72 major 100-oclane construc tion projects. Of these, 32 have been completed, in spite of delays in getting the necessary materials, and the remaining 40 will be com pleted within four months. An addi tional 22 domestic plants have been scheduled In PAW's 1944 program and engineering work on these has been under way for some time. Postwar competition for the world's petroleum will be keen and higher prices likely, It is predicted in "Ethyl News," publication of Ethyl corporation. A drastic up heaval in markets as they were known in prewar times, with a scramble for the relatively small surpluses which will be available for world trade, is the outlook, it is declared in a survey of "Oil for Tomorrow." Coincident with its changing position from a net exporter of oil to an importer, to meet war and civilian consumption, the United States stands to lose a prewar ex port market amounting to approxi mately $400.000,000 annually, the survey says. If the war continues. * ^ A AAA ék à* < Home Oil & Refining Co. I ► 4 4 ► ► MONTANA PRODUCERS ► MONTANA REFINERS » ► % ► < ► Marketers of Petroleum Products for Montana Trade Refinery and General Offices Orest Falls, Montana ► 4 y « > y 4 4 'T w tr w this country will be a formidable factor as a buyer in foreign mar kets. It is asserted. The United Sûtes, largest oil producing nation, will not be able to continue sizable shipments to Great BriUin and the Continent after the war because of a probable excess of domestic demands over production, the survey shows. As a result there will be a marked in crease in movements of oil from the Middle Elast and Far Elast, it is be lieved. The war production board has announced a revision of conserva tion order M-28 designed to protect the power parts of new passenger cars and trucks which now remain in the hands of dealers. The amend ment requires dealers to drain en gine oil, refilling with at least a one-half charge of rust-lnhibitlng oil, and run the engine at idling speed for five minutes. The oil must be left standing in the engine. At six-month intervals, dealers are required to turn the engine over to assure that the oil in the engine and lubricants in the transmission and rear axle assembly are properly distributed. Dealers must also re move all spark plugs at six-month intervals and inject two ounces of rust-inhibiting oil Into each cylin der. LOS ANGELES—Office of Price Administration rationing officials are seeking the co-operation of gaso line dealers who are asked to "pass the word along to their customers, that— "Motorists with B and C rations should keep a wary eye on their gas coupons, and apply for renewal rations—not immediately on top of the renewal date—but, at least, 20 days before the last coupon Is to be used." Paul Barksdale d'Orr, district OP A ration chief, advised the early renewal application in order that war price and ration boards would have sufficient time to process the applications, and the motorists would not be left without gasoline.