It is of gravest importance to the American public that this country be afforded an adequate future supply of petroleum. It is vitally necessary to our industrial progress. European nations have realized the importance of a supply of petroleum and are encouraging their nationals to develop foreign fields.
It is recognized that the recovery of oil from sands is very low; perhaps only 20 per cent of that underground is brought to the surface. It is also recognized by experts who have studied the problem closely, that the oil now in the sands underground will not adequately meet future needs....
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