Research Possibilities of the Petroleum Industry

RESEARCH is defined, scientifically, as a "sys- tematic investigation of some phenomenon, and also a search for hidden treasures." Chemists tell us that the hidden treasures of petroleum are far richer than the .products which have been best known to us. However, these secrets will be discovered only through intensive and systematic, as well as scientific, industrial research. Indeed, the scope of the subject is so great that such an intensive research program should be assumed by a centralized organization supported by the petroleum industry as a whole. Such organization would assume the responsibilities for investigation of new products and development of markets for such products. Gasoline, the chief product of the petroleum industry, has become a cheap commodity. The continual un-controlled overproduction of crude petroleum, the in-tensive competitive condition in the marketing of petro-leum products and the increase of refining efficiency and installing of cracking facilities, have all combined to lower the market value of gasoline. The lower cost of gasoline has all been passed on to the purchaser in the form of lower prices so that today the most important product can scarcely be manufactured at a profit. In other fields, manufacturing industries have diversified their products when faced by a similar situation. Thus, they have been able to widen their marketing outlook. Why cannot the petroleum industry employ the same tactics ? Right now we are hearing much discussion concerning the development of a wider market for existing petro-leum products and new products for existing or prospec-tive markets. For instance, we can cite recent develop-ments for use of propane, butane, and ethylene. Butane has been found to be an efficient and inexpensive re-frigerant, especially adapted to home refrigerating sys-tems. Propane and butane fractions of natural gasoline may be shipped under pressure and may be used as a substitute for acetylene in cutting torches in connection with oxygen. There is a possibility of substituting butane for gas oil in the carbureting of coal gas, as we know that butane contains practically the gas enrich-ment as the same volume of gas oil and should prove to be a superior product for this function. Ethylene, a hydrocarbon present in cracked gases, is finding an outlet for the artificial ripening of green fruits. The following table . shows the more general use of petro-leum products as now established.