STATES & CITIES: Up Goes Oil

STATES & CITIES

Crude oil prices in Oklahoma and Texas began to climb last week. Martial law was apparently winning over economic law. The combined production in the two States was cut 60% by close to 1,000,000 bbl. per day. Refiners began to feel the pinch, posted higher offers for their crude supply. Operators held their breath hopefully to see what would happen next in the Mid-Continent Field (see map), that vast tract of flat sandy country stretching from the wheat fields of Kansas to the Rio Grande, from the backwaters of the...

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