The economics of petroleum . By months:1920. October. .NovemberDecember 618590 687 643707690 751 834837 823823859 652590580 591619642 655709771 799809837 755268 787068 795960 9365 84 605600629 554609599 659721714 703 748747 By months: 1921. . April May June 837 921 110 643 733 993 73 588 758 1005 69 677 813 1056 72 690 817 1163 51 659 826 1249 62 6


The economics of petroleum . By months:1920. October. .NovemberDecember 618590 687 643707690 751 834837 823823859 652590580 591619642 655709771 799809837 755268 787068 795960 9365 84 605600629 554609599 659721714 703 748747 By months: 1921. . April May June 837 921 110 643 733 993 73 588 758 1005 69 677 813 1056 72 690 817 1163 51 659 826 1249 62 678 2636 85 485209 * End of period. CURRENT TREND OF SUPPLY AND DEMAND 149 Current Trend of Supply and Demand.—The trend of the majorfactors entering into the interplay between supply and demand isshown by months for the period 1917-1921 in Fig. 72, the supportingdata being presented in Table 63. The outstanding features of thechart are: The distinctly complementary relationship between stocks COLLARSPER Fig. 72.—Trend of the gas and fuel oil situation in the United States by months, 1917-1921. and price; the tendency for production to show a marked seasonalvariation in conformance with the demand for gasoline; and thedegree to which exports have fallen away since 1918. Relation of Production to Stocks.—The size and trend of pro-duction by months compared with the stocks of fuel and gas oil on 150 FUEL OIL A JS n O o H .1^ ?7J ^ Q O M H 3 r1 /. r/! <U t) n 3 H « B H H Mi C/J g Q p o o OO K Pm r -ii O ro 03 CO OS IN oooca OS-<iJ< INOO r-IOSIN lO OS -1 csost» p ooort -HCOCO INOS^ •oosoo Os^-* moi^ osoco to cot~ oot^oo 00 CO 00 OOt-t^ OiOiO moo ot^t~ t^xx f- r/3 1 o -73 0-)0 05N<N QO-rsco OCOiO 1^ CO Ot^ COt-O ^ -1<[^ CO coo ^ aOt- ooiocj CO 00 00 ooooo IM .-I03CC -HOOS lOCOCO lOOO ooo ooo O OiOO ot-o t^xx XXX t~ X m ir XX-* r-oo cot^oo IN ooc 03-<(N (N<N^ OSXt^ Ti<coo IN^IN ^(NIN (N(N(N INMCM IN(NIN


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