Hope Star from Hope, Arkansas on October 15, 1948 · Page 2
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Hope Star from Hope, Arkansas · Page 2

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Hope, Arkansas
Issue Date:
Friday, October 15, 1948
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Page 2
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page rwo HOPE STAR, HOPE, ARKANSAS Friday, October 15, 1948 A REPORT TO HOPE AND THIS TERRITORY Ou In The Beainnssiq »W • lew? ii ^T2 Can -r ind , ustr y had its beginning in 1859, when the first well was drilled at T.tusville ,in Pennsylvania. The uses for oil were many even then. Whale oil and other animal and vegetable oils did not meet the demand Then natural", oil opened a new source of lubricants, fuels and laminating oil. In Union county Arkansas, first production was begun in The first oil boom began. Buyers bid the price of this new-found oil up to twenty dollars a barrel, and men rushed into the new industry as fast as they could raise the money to build a derrick and buy a "string" of tools. In less than four years these pioneers were producing oil at the rate of three million barrels a year. In 1948, the American oil industry will produce more than two billion barrels —- an amount which is equivalent to 630 gallons for every person in the United States. 'Rock Oil' Was First Product.... In 1859 there was only one principal petroleum product, kerosene They called it rock oil and used it in lamps. Today there are more than 1200 petroleum products. They have been developed and improved as need and opportunity stimulated the many important contributions petroleum has made to raise the American standard of living. Today almost half of the total energy used in the United States comes trom petroleum and natural gas ^.Aided by the supply of vast quantities of oil at reasonable prices our nation has developed an unparalleled productive capacity that pours' out goods in an unending stream, to the envy of the world. Aided by oil Americans travel freely and transport goods speedily and cheaply from one end ot the land to the other. Aided by oil, our farmers produce enough food to feed America well and still have a surplus to send to hungry nations overseas. Typically An American industry Why is it, for example, that Americans who constitute 7 per cent of the world s population use almost twice as much oil as the rest of the world put together? Because American know-how has set the pace for oil development the world over. Most of the world's oil has been discovered by Americans. Most of the great advances in oil science have been made by Americans. Although the United States contains only one-eighth of the potential oil lands, it has produced two-thirds of the world's oil. How has this come about? The main reason is that these achievements took place irf-a political climate favorable to the development of individual initiative and enterprise. Under our free competitive system Americans have been free to develop their own oil business without restrictions on opportunity. In the United States anyone can become an oilman; anyone who owns leases or acquires a likely piece of land may become an oil producer Consequently more people are looking for oil, and more oil has been found in the United States. Millions of people have seen in the American oil industry an opportunity for themselves, and they have pursued if. . Limitations have not been placed on individual initiative New companies enter business each year. The doors of opportunity have been kept open to newcomers, and the beneficial results of their competition are apparent. v Has Many Uses..., Oil-powered automobiles have made ours a nation on wheels. Oil supplies the concentrated, efficient energy that makes air travel possible, compact, powerful oil-driven Diesel and gasoline engines generate electricity', haul swift,, modern trains, power construction machinery and plow the nation's farms. Oil vies with coal in the generation of America's mammoth supply of electric power. If fuels industrial furnaces, propels our ships, heats pur homes. Oil lubricates America's machines and paves its roads. And in wartime, America's oil industry not only provided the oil products which totaled two-thirds of the bulk of all war supplies shipped overseas, but also met the needs at home in the American arsenal of democracy. Today oil has become, too, a major source of raw material for America's rapidly expanding chemical industry. From oil comes synthetic rubber, fertilizers, industrial alcohols, commercial solvents. Through oil, an ample supply of raw materials is assured for the mounting production of all kinds of plastic materials and synthetic textile fibers. On the farm oil performs many tasks besides providing posver for tractors and other mechanized farm equipment. It is used in insecticides, fungicides, disinfectants and weed-killers. It heats brooders, cures tobacco and protects citrus groves from frost. Specialty products prevents trees from budding too soon and keep fruit from falling before it ripens. Many household products depend upon petroleum. Among them are such varied things as candles and shower curtains; upholstery fabrics, oil cloth and synthetic leather; paraffin for canning, many varieties of paints, and a host of medicine cabinet articles. Even milady's boudoir is stocked with oil products. Her dressing table displays petroleum plastic compacts, combs and brushes. Cold cream, hair- setting lotions, lipsticks, perfumes, nail polishes and polish removers are made with oil products. In fact, from the moment we arise in the morning to the instant we switch off the bedside Igiht, our lives are made easier and more comfortable by the good things made from petroleum Competition in expanding supplies and developing new business has spurred improvements in quality of petroleum products and stimulated increased services to the public. Currently billions of dollars are being'spent to increase the supply of oil, and to make new and better products for the American people At the same time this plentiful supply of oil in the hands of thousands of competitihq companies has kept the prices of oil products low as compared to the general level of commodity prices. The demand for all of the most important oil. products stands today at unprecedented levels. Here are some examples of the way the oil companies are striving to meet the nation's needs In recent months, all of the oil companies combined have produced an average of more than five and a half million barrels of oil every day — and the rate is still increasing. In the first half of 1948 the number of barrels of oil taken out of the ground was almost 10 per cent more than in the previous year; operations at refineries were up more than 12 per cent. In addition to doing everything they can to discover natural petroleum and expand existing facilities for refining and distribution, oilmen have already turned their attention to other sources for liquid fuel and lubricants such as natural gas, coal and oil shale. Millions of dollars have already been spent on these processes and the technical ability to carry them out has been established. In the long range future they will make possible an almost indefinite extension of the nation's resources of liquid fuels. ' " ' ' The American oil industry has progressed rapidly and in doing so it has contributed enormously to our high standard of living. Under our system it promises to continue to grow and maintain its benefits to our nation as d who e, and to the men and women and industry in every community in the land. ' Huge System Serves Public Who Is Responsible For All This? How do oil products reach you? Most of them come through your local oilmen. There are about one-quarter of a million service stations in this country today — nearly all of them are owned or leased by independent businessmen. There are thousands of competiting marketers or jobbers who supply the service stations and keep home-owners' oil fuel tanks filled. Behind the dealer is a transportation system consisting of some 1 50 000 ' 171 nnnnn P ' Pe me 'Ll 0 °/ ar ! kerS ' 240 ° bar 9 es ' 100,000 railroad tank cars'and IUU,UUU trucks. Hundreds of oil transport companies compete to get petroleum products across the country; every day they move millions of barrels to supply every community and to serve customers. Further behind the scenes are some 400 refineries engaged in turning crude oil info useful products. Supplying them are added thousands of producing companies which find the oil and bring it out of the ground The industry responsible for this assembly of production and distribution is typical American in its origin and development. It started from scratch I he business was new. There was no previous knowledge to go on. Men who hastened to join the industry had to learn as they went along. The handful of pioneei drillers, with their rough and ready equipment, were the forerunners of the complex, highly-skilled industry that now employs more than two million people. The first oil company of 1859, the Pennsylvania Rock Oil Company has given way to some 34,000 progressive, competitive oil companies. They are large and small, scattered throughout the forty-eight states. These companies have accumulated much of their capital from their own earnings. New private capital and a substantial part of earnings have been reinvested in the business since its earliest days. The present dollar value of the oil industry represents the thrift and savings of several million American men and women. This Information Presented to You by the Following Oil Industry Firms Operating in Hope and Vicinity: The Texas Company FRED McELROY, Distributer Esso Standard Oil Co, FRANK R. JOHNSON, Distributer Gulf -Refining Co. Products M, S. Bates, Distributer, Serving you over 21 years Magnolia Petroleum L. E. POTEET, Distributer NORMAN MOORE, Distributer •f" g r* T* /*\'i *** ToI-E~Tex Oil Co. THRASH & TOLLESON. Distributer S. L. MURPHY, Distributer

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