Word: crudely
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Dates: during 1920-1929
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...continual troubles in the coal industry during the past few years have led many real estate owners to experiment with fuel oil instead. The recent clash of the coal operators and miners, along with the current cheapness cf crude oil following over-productioin last Spring, has given considerable momentum to the tendency to install oil-burning equipment in office buildings in New York and other large cities. A manufacturer of oil-burning appliances has reported an increase in his sales...
...excess production of crude and refined oils in the California and Mid-Continent fields this Spring led to heavy overproduction. Prices declined, but the fall was kept orderly by the Standard Oil companies, with the view of stabilizing the situation. The farming states, devoted as they are to plans for stabilizing wheat, could see no virtue in employing similar methods in any other industry, and Governor McMaster of South Dakota gained considerable applause when he purchased with state funds some 160,000 gallons of gasoline from a hard-pressed refiner, and offered it for sale at 16¢. At once...
...Indiana. In addition, the Standard of Kentucky made a cut of 1¢ in Kentucky, Florida, Mississippi, Alabama. Georgia. The Standard of Nebraska cut its retail prices to 16¼¢. Slight cuts followed in the Eastern states. W. C. Teagle (President of the Standard of New Jersey) declared that, unless crude oil prices continued to fall, further cuts in retail gasoline prices were unlikely...
...whole movement toward lower gasoline prices was caused, of course, by overproduction of crude. Governor McMaster's action proving merely the occasion for the drop. Since crude production should pass its peak in California within three months, the present price cutting is likely to prove only a flurry in the general movement of prices. The daily average gross crude oil production in the United States, however, increased 10,350 barrels for the week ending Aug. 11, with a total of 2,251,250 barrels...
Provisions are being made, particularly in the California fields, to store surplus crude oil, and by avoiding an abnormal increase in refining to prevent prices of gasoline and other products from break- ing to dangerous low levels. Some 30 Mid-Western refineries, including the Marland Refining Company's stills at Ponca City, Okla., are re- ported as closed during August. The principal exception to this general policy has been the Sinclair Co., which has recently opened its expanded refineries at Coffeyville, Kans...