Show I Diminishing Oil Supply By Ira c. c Tichenor- Tichenor p r ACCORDING to an estimate made by David White oil geologist geologist gist of the United States geological survey oil underground n the United States is equal tos il ut sixteen years' years supply at the resent rate of consumption The total amount not yet brought the surface is estimated at barrels In regard to the present pres- pres Jent ent situation lt as to crude petroleum Mr White says To fill the tile gap g-ap between our actual do domestic production and require require- cots of ot domestic consumption it has been necessary ary to reduce oil in storage storage stor stor- age go to the extent of ot barrels and to supplement this with a net of ot barrels chiefly from Mexico The rho deficiency of ur r current production during 1918 has bas therefore amounted to nearly half halt of which has bas been withdrawn from storage According to general expectations the consumption curve is destined luring ring the next year and probably longer to continue its present upward rend beyond the barrel mark iThe The situation demands not only prevention of waste but the most economical and efficient use of our oil Also It ft warns operators to consider Lore re thoughtfully and promptly the acquisition of ot foreign oil reserves MexICO Mex- Mex I ICO to which the American public looks optimistically probably contains lesil less les than remains in the ground in the United States il While the situation prevailing conditions considered might be rather It is not believed that the oil industry has a lease of only teen een years on its life It must be remembered that development of ot the Vv Wy Wyoming fields really have but Just begun that Utah most certainly and New Kew Mexico Arizona Idaho and Nevada must be reckoned with i LS is coming oil producing states Old Oid fields constantly are expanding as the result of wildcat opera- opera I ons while there is a strong possibility of oJ developing rich at depths not yet yett t According to oil experts o only ly about 15 per cent of ot the oil In any ven en pool is brought to the surface leaving leavIng- 85 per cent still In the ground nd It is certain that necessity the mother of invention eventually will H nd d a a. way to reach a a. great portion of the oil not brought up by the pump rump Then there are the mountains of oil sands in Utah and immense deposits I If f oil shale in this and adjoining adjoInIng- states whose oil content can be reckoned t illions ms of barrels the oil industry as a a. whole has far more than sixteen years of I te remaining it is certain that there will be bea a a. good market for every bar bar- bar I el 1 produced in whatever manner |