Business: Oil

Speeches by many an oilman and Roger W. Babson, airplane races and stunting. exhibits of $12,000,000 worth of equipment last week entertained 100,000 visitors to the Sixth International Petroleum Exhibition and Congress, held in Tulsa, Okla. Yet to oilmen entertainment such as this can be only transitory. Always jostling their composure is knowledge that world consumption trails production. But one development during the Exposition cheered them, so cheered ever-optimistic Edwin Benjamin Reeser, president of the American Petroleum Institute, that he predicted U. S. production and consumption would balance by Jan. 1, 1930....

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