Some Economic Aspects of the Illinois Oil Industry

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Some Economic Aspects of the Illinois Oil Industry
Walter Henry Voskuil
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The differential growth rates among these fuels arises from distinctive competitive conditions within each group.
Gasoline Consumption of gasoline, used primarily as a fuel for automobiles, from 1950 to 1961 inclusive is shown in table 9 by states. In this 11 -year period the ILLINOIS STATE GEOLOGICAL SURVEY CIRCULAR 35 TABLE 3 - REPORTED EXPENDITURES IN OIL AND GAS PRODUCTION IN ILLINOIS, 1958 Item of expenditure Principal expenses Wages of production and development workers Salaries of all ot
...her employees Supplies and materials Gas purchased for gas lift and repressuring Fuel purchased Electric energy purchased Contract work Capital expenditures Development and exploration of mineral properties Buildings, machinery, and equipment $ 76, 895, 000 21, 312, 000 6, 869, 000 18, 160, 000 135, 000 2, 686, 000 3, 992, 000 23, 741, 000 $ 26, 549, 000 11, 064, 000 15, 485, 000 Source: 1958 Census of Mineral Industries, Volume I, Summary and Industry Statistics, United States Department of Commerce, Bureau of the Census, 1961, p.

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