The Oil-Well Driller; A History of the World's Greatest Enterprise, the Oil Industry

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. 1905 Excerpt: ...by shipments. Q. Does it not show the credit balance for each month? A. I do not think so. Q. Are not the certificates shown? A. I think not; simply runs, shipments, and stocks. Q. Well, you stated that you had heard it estimated at between four and five million barrels. Could that and the indifferent oil in the bottom of the tanks be delivered to the purchaser, if there were a purchaser? A. If all production were stopped at a given hour and everything entirely shut off, they would probably not be able to continue operation beyond a day or two at the outside; but the production at this period was upward of 85,000 barrels a day, and that going constantly into the line equaled the shipments required to meet the demands of the trade. Q. To meet the demands. A. That going into the line constantly, day by day, met the demands of the trade. SHORTAGES IN PIPE LINES. Q. Did the Standard own all that went in day by day at that time? A. As I stated before, we have no means of showing that except by the statement published every month. To return to Mr. Kennedy's question. I will say that reports of this kind were not at all infrequent in the days of wildcat pipe lines, but they were not alarming to the trade when made. It was a condition that was met with anywhere, but it shows at the same time that the pipe lines then ran very close to shore. They used oil everywhere they had it and expected to make it up in the future. A report of the Atlantic Pipe Line was posted in Titusville, March 17, and quoted by the Oil City Derrick, March 18, 1876, under the head of "Titusville Doings. Pipe Line Returns." (Reading:) From our special reporter. Titusville, March 17. The Atlantic Pipe Line, with headquarters at St. Petersburg, and no connection with the associated lin...