OCR Text |
Show The production of oil in tho United States is ono of tho most important problems before industrial America today. Wo arc living in an oil age. Today oil has become tho premier motive mo-tive power. , , Tho number and vnrlcty of uses of petroleum and its products arc continunlly increasing but even more striking is our dependence upon a few of tho products of the oil rcfinory notably gasoline, kerosene, the many types of lubricating oil and fuol oil, not to mention some 300 other odd products of petroleum. With more than six million pleasure vehicles operating in th( U. S. alone, wo hnvo an estimated consumption of 120,000,000 gnllons n year of high grade lubricating oil, where 20 years ago tho domnnd for this purpose was prnctically nothing. In tho face of this remarkable increased in-creased demand for petroleum products prod-ucts it is remarkable that their costs havo held so low. With the rapidly increased cost of producing crudo oil unless new fields nro Boon discovered wo may expect a constantly advancing advanc-ing price for gasoline and other petroleum pet-roleum products. |