Conditions in the Healdton Oil Field; March 15, 1915

Conditions in the Healdton Oil Field; March 15, 1915

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1915 edition. Excerpt: ...the Magnolia Petroleum Co., however, shows that, excepting for gasoline and fuel oil, immediately following the reduction in the price of Healdton crude from $1.05 to $0.70 per barrel there was no perceptible reduction in the price of finished products. Between April and September, 1914, the price of gasoline at the Magnolia Petroleum Co.'s Beaumont refinery declined $0.0218 per gallon, or 24 per cent, and the price of fuel oil f. o. b. Corsicana fell off $0.45 per barrel, or 40 per cent. On the other hand, the price of kerosene at the Corsicana refinery advanced $0.0086 per gallon. This was equivalent to about 20 per cent. The reduction in the price of Healdton crude from $1.05 to $0.50 per barrel, which price has been effective since April 20,1914, was equivalent to 52 per cent. It should be pointed out in this connection that the market prices of the finished products from crude oil at any particular time are determined by several factors, one of which is the price of crude oil at the wells. The other factors deal with other elements of supply, such as transportation of the crude, refining, and marketing costs and the possibility of competition through use of substitutes or supplies from other sources, and of demand, such as the consumption requirements of the available market. Furthermore, since similar products, though in different proportions, can be finished from most crude oils, the decrease in price of the crude from one field, which at that time furnished only a relatively small proportion of the total crude oil consumed by the refineries which supplied the north Texas market, would not be likely to influence to a perceptible extent the market prices of the finished products. Theoretically, a reduction in the price of the crude oil...show more

Product details

  • Paperback | 52 pages
  • 189 x 246 x 3mm | 109g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236612566
  • 9781236612564