Show 4 1 Taking Laugh Out of 1 By RICHARD HOADLEY TINGLEY The recent report of the governments government's oil conservation board gives a new significance to the q question estion of oil resa res Mr Tingleys Tingley's first article came out on the eve of its publication and he now brings his argument or on on this important import import- ant matter up to date When the United States geological gurve survey stated that there remained only about nine and one-half one billion barrels of crude oil In the ground In this country laughed at the thought that there was anything serious in the contention The federal government however took the the ground ground that the en engineers engineers engineers en- en of the g geological survey probably knew wh what t they were talking about and President CoolIdge ge appointed appointed ap ap- ap- ap pointed an oil conservation board boord with Instructions to o Investigate The report of or the board has but recently been made and it goes the geological sur SUI survey survey sur- sur vey one better or rather worse It Hinds finds that Instead of oC nine and one half billion barrels balT ls remain remain- I ng rig only about a half haff of that number may be depended de de- de- de upon instead of the supply being boing exhausted In n tw twelve lve years it may last but six This report has las taken taleen some of the laugh out of In It all possible avenues for augmenting the well we-ll supply I Iare are di discussed practically r the only mention o of oil from coming In the la last t paragraph In which the statement Is mado made that this phase of ol the situation situation situa situa- tion lion will form the basis of a supplemental report When will such a report be issued Perhaps not till the big oil interests have lave had time had time to acquire all the oil shale lands they expect to need when their wells run dry The last paragraph appears to be bethe betho betho tho the most Important part of the report Indeed th tM forthcoming ng report promises to be more enlighten enlightening ing than the one Just issued since the latter iatter atler merely pets ets out In concise facts facts' already known 0 o 0 most people That the recovery of oil from froni Is by no means an all experiment is seen teen In the experiences of other countries In Scotland the Industry has been I carried on since 1850 at one time there being a as nany as separate companies In the field fieldi In 1919 all aH the concerns then doing loing business were con con- m- m under the name namo of the Scottish Oils Ltd ie she shi-le- of ni S lire are nr t p JI rich rl ns tho thoo thoe of nf A i Jn n and other Western rn states and the act tact that these thee companies have carried on all these years In competition with well weil oil augurs wel well for the success of American ventures when the time comes come for fOl their product to be put on the market Esthonia has lire made progress rapidly In the de- de of its Us oil shale Industry from deposits said to be he among the richest In the world The hales yield In rn average of about seventy gallons gallon of oil per ton as against seventeen se to twenty gallons gal gal- lions lons In Scotland and from forty to sixty gallons gallon In n this country countr A government plant was waR started in 1918 with an annual output of tons of shale which was increased by 1925 to tons and a Prosperous s industry has grown rown up where before there here was nothing In addition to Its own plant concessions have been beell granted to Belgian and BritIsh Brit Brit- sh lab syndicates Neatly Nearly every countr country in the world has Its oil shale deposits and Is actively engaged in experimental work In retorting and refining the product There has lias been little commercial production o ac oil ii from In this country though there are a afew afew few Cew plants which have refined shale oil for the focal to- to cal market Probably little progress will be made In this direction c until the extensive retorting ex experiments cx- cx now under way by the United States bu- bu bureau bureau bu bu- reau of mines mineR and of others have ha been completed It is impossible to re read redd d' d the report of the board without being Impressed with the seriousness of oC the situation and the Impetus it has given to oil oll- jom is salutary Oil from may not be called entirely to supplant oil from fron for many years vears to come but It Is comforting to to be assured should such a si contingency occur the remedy remedy rem rem- edy is at hand hand handt at t hand also to augment the declinIng declining decline Ing supply whenever the oil companies get ready to ma make e use use of It Copyright 1926 Cosmos osmos Newspaper e PCr Syndicate Inc |