Business: Blue Sky for Petroleum

While the increasing supplies of crude oil have led to another price-cut in Pennsylvania crude, and in some sections of the country a further lowering in gasoline prices, leading petroleum men are beginning to see blue sky on the horizon again. Standard oil—usually a good judge of such matters—has shown its faith in the future of the oil business by taking advantage of the present slump to buy up producing companies. Furthermore, the Lamp—house-organ of the Standard Oil Co. of New Jersey —now has designated next June as the probable time when consumption...

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