Show I I I OIL j DANGER T TI I Will m 1 be bg E l in III fu Seven SC Distillation j of of Shale T Too Too o l T Expensive e By By John T T. T L Lambert t t Americas America's oil supply backbone of national defense and nd once tf erv i y or of oC 1110 world ward will ui l fco be t c ed eel seven in seven years at the present raCe eon or consumption un n President pr President CO Coolidge Cool CooJ- idge dge will be be informed e eby by his oil C conservation conservation con con- ls l- l s Commission in its official report it t w was was learned learned Monday t So s So ng is tho the sHu situation tion that the president wil vil he be earnestly advised ad ad- advised fi- fi to recommend end that use of oil U I us ha immediately abandoned and coal oal and water power electricity employed employ employ- ed d wherever possible in all ind industry L. L Appointed Appointed Jy by Mr fIr at t too the time of the Teapot Dome oil scan scandal i ito to m make ke a complete sL survey r ey of r tine the oil resO m resources es of the country the acid f fo formulate a national oil oil n policy ic the be bec I c commission lla has now practically i con com com- its work worle Jr The known oil supply of of the United United Unit Unit- ed ed States Stales Stat s capable of of being re refined D d dby by present methods Is believed bythe by bythe bythe the commission to be lie about barrels The United States is using oil aa i petroleum products products' at the rate of barrels a year and consumption consumption consumption con con- is rapidly inc increasing tie commission finds Am America mu must t cut down its annual annual consumption to barrels I or r less than half if the situation is isto is isto to be saved th the commission helie believes An appeal will ill in all probability be lie made to the mechanical genius to devise a speedy reedy but smaller mO- mO mo motor tor that tor-that that will consume less gaJ gsa gas President Coolidge will It iL 5 Is anticipated as- as a d be urged t to appeal to the i country to get along more upon coal I and wat water r power electricity Tiie I navy and merchant marine are rap rapidly sour sour- idly becoming oil burning and tie the commission believes believes' that national protection requires the maintenance of an oil supply for naval demands deman deman- deman s. s An effort to discourage home home- or owners owners own own- ners n- n ers from install installing ng oil heaters will silt willin In all probability be made There Is la enough coal to supply the country for years the tine commission believes and ho home ne owners owner and industrial in industrial industrial in- in chiefs must be encouraged to rely upon it Overproduction has bias always ah led is isan le lean t e ean an energetic campaign 7 JY y to H educate educate the people In new avenues of e consumption Overproduction Overproduction therefore be stopped slopped the commission ion believes A system system of or unit drilling by wildcatters wildcatters wildcatters wild wild- will probably be enforced bythe by bythe the r go government to prevent th the reckless reckless reck reck- less ess V waste ste which now attends production pro pro- Courts have bave held that oil is is like a wild animal to be caught where is Th The first sign of oil ha has resulted resulted-In in promiscuous drilling by all owners of adjacent territory The c commission it is expected e Z will ill recommend a single drilling the product t to ba shared be-shared shared by all tho t. owners of the land in ili which lie well wellis is located I IThe The American Petroleum Institute has reported that a reserve supply sup sap ply of or barrels exists and that hat new so sources will be dV discovered dis- dis covered by continued exploration raU n. n The rhe r he commission shares hur s none of t that optimism it It understands that the reserve oil can not be produced produce 1 l hj ay y any known method Th That t now new will be disc discovered er is rega regarded ed a as i a amere amere mere lUere prophecy Distillation c cz cd 51 shale ale oil would lie IKS st too expensive at at present at-present present according to the nie commission Oil pro produces produce uc a from coal conI today wouldn't keep tac autos running more than ten tell tJ days o expert Otto ono n The supply of cf oil oU to bo be obtained Irons irom to is regarded ded as 1 mal inal n |