OCR Text |
Show OUR APPETITE FOR OIL ON INCREASE If there is any limit to our appetite ap-petite for oil it certainly isn't in sight. According to a Petroleum Institute Insti-tute summing up, a record amount of oil will be available , to this nation during the coming year. Yet, "the race to meet the .enor- mous increase m consumption will be close." That means that it will ;be up to the public to practice j reasonable conservation in using oil products so that there will be the fewest possible dislocations between be-tween demand and delivery. It is estimated that during the 12-month period which started April 1, we will have an available petroleum supply of 6,025,000 barrels bar-rels a day. That is about eight per 5cent above the amount available in the preceding year. In other words, all former records will be j surpassed. j The Bureau of Mines' forecast j that imports of oil will exceed exports ex-ports by 102,000 barrels daily must prove accurate. Expansion plans must not be slowed by strikes or other disturbances. And, finally, the flow of materials for new construction con-struction must be adequate. There, in a nutshell, is the outlook out-look for oil as it exists today.. There is nothing whatever to indicate in-dicate a serious shortage, or anything any-thing more important than occasional oc-casional minor dislocations which usually occur when demand reaches 95 per cent or more of maximum supply capacity. And a little cooperation by oil users will obviate that annoyance to a very great extent, it is observed. |