Show i i Oil Problem Awaits Hoover Hoove r MONG the important problems already tackled by bv President Hoover is the matter mat mat- f ter r of oil conservation a conservation conservation-a problem that is as as any any although the general public has lias given it litt litte e thought fhe he federal oil conservation board ap- ap b by former President Coolidge sub sub- fm ted its report on the present situation re- re JS It remarked that the oil industry had much waste and had done much to oil but it emp the fact that he is still exhausting its oil reserves r. r at a dangerous rate We Ve consume 7 72 per pera a ce ht of all ll the oil used in th the world and we produce 65 per cent of world jm production yet L O total oil resources are only olly 18 per er cent ent of world the resources Eventually this might lead to a serious situation t |