Many developments in international politics during the past few months have created much concern over the adequacy of our petroleum reserves. Not only the leaders in the oil industry, but also many industrial, congressional, and military leaders are concerned over our ability to maintain a domestic production capacity sufficient to support the industrial and civilian markets, and if necessary, to meet the demands of another world-wide war.
Since 1938, the question of an adequate oil supply has been of vital importance. We know our oil production in the United States has exceeded the total discovery of new oil. Many and...
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