Few industries are as unstable as that which is concerned with the production, refining and distribution of petroleum. It is always either a feast or famine. Until only a few weeks ago, the famine element seemed uppermost; overproduction had created a great surplus of crude oil for the oil companies to carry, prices were declining precipitously, and disaster was frankly anticipated by the trade. But meanwhile the consumption of crude oil and its byproducts, continued to increase. The huge production of automobiles demanded greater amounts of gasoline than ever. Large office buildings and hotels...
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