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Show ] PREDICTS PETROLEUM PETROLEUMSHORTAGE SHORTAGE IN 8 YEARSIn YEARS YEARSIn ! In a report prepared for present presentatlon presentation presentation . atlon ation to the American Chemical society soci SacI society ' . et ety this week , . experts predicted a aserIeus aserious aserious serIeus serious shortage shertage in m petroleum and Its Itspnnclpal itsprincipal itsprincipal pnnclpal principal product , . gadoline gaool1ne gatkiine A shoit short shortage ShOl t age ' within 'Vlthm Vlthm 8 years is forecast and may maYi maydevelop , develop1thm develop within \\1thm 1thm \ \ 2 or 3 years ears shouldconsumption should consumptien consumption Increase increaseAccording Accoiding AccOlding According to trade publications publ1c.atIons publ1catIons . the theBureau theBureau theBureau Bureau ' of 'Of Mines Mmes s says ys gasoline gasolme con consumption consumption consumption sumption is now at record levels as asthe asthe asthe the result of generally favoro favornb'e favornbe favorableweather fe ' weather conditions Exports of f moter motor motorfuel motorfuel fuel foi fOl June were 3,222,000 3222000 3.222.000 3222.000 , . , , . , barrels cr crmere crmore j mere more than 50 per cent above the most mostcptlmlstic mostoptimistic mostoptimistic cptlmlstic optimistic expectations expectatlOns The shortage shortageis , IS expected to bring higher prices shortageI andan andan and I , an increase in m petroleumimports petroleum imports illlports from fromether fromother fromother ether other ceuntrlesDr countries ceuntrles countriesDr countriesDr fromI I f consultmglchemical Dr . Benjamin BenJamm T Brooks , , . e < > consultmgl consultingchemical nsultmg I c.hemical chemical . engineer cngmeer of New York , , . states statesthat statesthat statesthat that this tlus shortage will force a more moregeneral moregeneral moregeneral general use ' of 'Of small , , . low powered poweredmotor poweredmotor poweredmotor moreI I motor cars Increased efficiency 111 in inutilization 111utih.latien inutilization utih.latien utihlatien utilization . of or petioleum peholeum petroleum ' or 'Or manu manufacture manufacture manufacture facture of substitutes will retard the theshortage thejshortage j jshortage shortage but wiU WIll net not iot prevent it I |