Refining Industry of the United States With List of Refineries Capacity And I
Refining Industry of the United States With List of Refineries Capacity And I
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We would also call t9 Mr. Coles' attention that too many oil re- fineries would be just as disastrous to the petroleum industry as too much cot- ton was to the cotton industry. It must be evidence to a, ny student of industrial economics that any manufactory that is sufficiently large to meet all demands in times of greatest consumption, would overproduce by enlargement or multi- plication. It must be familiar knowledge that oil refineries are utterly unable to dispose of their curtailed winter... output and were it not for a heavy demand in summer, financial ruin would speedily come to the industry.
Why look every wnlch way for an ex- cuse for present weakness in the market, rather than accept The truth of overpro- duction? Has it ever occurred to Mr. Coles and those of like mind that refin- ers have vast capital invested, that very few, if any, of them are out of debt and that the peculiarities of the business, the every changing base of supplies, etc. , require never ending investment in ex- tensions and repairs; which could not possibly be met were there not periods of prosperity and seasons of stock de- pletion?
What to read after Refining Industry of the United States With List of Refineries Capacity And I?
You can find similar books in the "Read Also" column, or choose other free books by Horace Greeley James to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
We would also call t9 Mr. Coles' attention that too many oil re- fineries would be just as disastrous to the petroleum industry as too much cot- ton was to the cotton industry. It must be evidence to a, ny student of industrial economics that any manufactory that is sufficiently large to meet all demands in times of greatest consumption, would overproduce by enlargement or multi- plication. It must be familiar knowledge that oil refineries are utterly unable to dispose of their curtailed winter... output and were it not for a heavy demand in summer, financial ruin would speedily come to the industry.
Why look every wnlch way for an ex- cuse for present weakness in the market, rather than accept The truth of overpro- duction? Has it ever occurred to Mr. Coles and those of like mind that refin- ers have vast capital invested, that very few, if any, of them are out of debt and that the peculiarities of the business, the every changing base of supplies, etc. , require never ending investment in ex- tensions and repairs; which could not possibly be met were there not periods of prosperity and seasons of stock de- pletion?
What to read after Refining Industry of the United States With List of Refineries Capacity And I?
You can find similar books in the "Read Also" column, or choose other free books by Horace Greeley James to read onlineMoreLess
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