OCR Text |
Show PLAIN. TALK ON OIL The American Petroleum Institute has published a booklet book-let which explains some of the facts of life as they apply vo oil. . Our thirst foi oil has attained almost incredible dimensions. dimen-sions. America alone consumes more of it than was required by the entire world only ten years ao. The peak reached in wartime was below the present level. And the United States is consuming 28 times as much oil per person as the rest of the world. The industry, recognizing its obligations, is engaged in a $4,000,000,000 expansion program which is going forward as rapidly as the necessary materials can be obtained. It has managed to build up oil reserves to a new high level a remarkable re-markable achievement in the light of consumption figures. And, finally, it is developing foreign oil resources which will ultimately relieve much of the pressure on our domestic facilities. fa-cilities. There hasn't been a severe oil shortage which is a testimonial to prior planning by the companies in the "tight" areas. Reasonable conservation by the using public will prevent pre-vent a shortage in the future. The public is asked, for ex-umple, ex-umple, to keep room temperatures in homes using oil heat to C8 degrees, and to resist the urge to speed in automobiles. All indications are that the demand for oil will continua to rise. And the industry is expanding daily to carry the load. |