Show PERTINENT FACTS ABOUT OIL AND GAS consumption the spectacle of a nation with more than motor vehicles in active use and producing 6 70 per cent of the worlds petroleum facing a near future stoppage Z of fuel auppl applies ies is is presented periodically to the american public says ys john heisler in the march review of reviews mr heisler argues there is no imminent danger of shortage in W the oil supply although he broadly hints that the growing consumption Gon demands a constant search for more structures and increased activity in their development in his article are some interesting points of data as follows the domestic demand for gasoline has increased approximately from gallons in 1918 to 00 gallons in 1925 consumption in the first half of last year 1926 exceeded that of the same period in 1925 by 15 per cent crude oil production in the same eig eight ht years increased from barrels to in other ather words the gasoline demand increased threefold while oil production doubled the increased consumption was almost entirely due to the fact that in 1918 automobile production including passenger cars and trucks was while in 1925 the production was so the gasoline demand grows with leaps and bounds until the growing deficit between domestic demand and production is met by importation from foreign sources we use 79 per cent or four fifths of the worlds production the consumption of all europe for 1924 reached an approximate total of gallons a quantity equivalent to a little less than 17 per cent of that used in the united states in the same year england used a quantity equal to only 7 per cent of our domestic requirements the per capita consumption of the united states was 69 gallons for 1924 against 29 gallons in canada our nearest competitor and 12 in the united kingdom last year about 70 per cent of the earths production of oil came from the united states that is to say we produced more than twice as much oil as all the other countries of the world combined and of the total oil thus far removed from the earth more than 69 per cent has come from the united states it follows inevitably from these simple facts that our oil resources are more nearly exhausted than those of the rest of the world I 1 the total needs of china with four times our population are equivalent tb b eight hours consumption here new york and pennsylvania produced barrels in 1909 and dropped to barrels in 1921 the production of crude oil in the united states in 1919 was barrels in 1924 it was summed up development of oil lands must keep up a frightful marathon with consumption or some ones car will fail to have fuel some bright morning |