Show OIL OUTLOOK IMPROVED the outlook tor f or american I 1 petroleum industry tro 1 considerably improved by a consideration of the petroleum situation th in the world a at I 1 larga larg says bays the november index of tho the new york trust company north aai america rica both Pro produces dures and add consumes approximately 87 nt lit of tilt tho world A oil and all LL in ic tiofil of this thia production and oo ao amp ill P tion belongs to tho the united lit lir du coun countries in fit other may soon hon bo be expected to be calling tor for greater supplies lios of petrol petro leupi euni a world comm commerce erbe ani industry progress o in ili central european count countries for example consumption of gasoline at present Is ia only a fraction of onu gallon per capita wi as compared with annual per capita consumption of 70 gallons in united states the the con connuli conail guli Ut eption of gasoff ne in these and other areas may be expected to rise sharply in 1 the bearr car future in ili order to a amaure ure an all oil supply for american consumers con it Is ess essential englat I 1 that tho the american oil industry maintain its ita supremacy in oil product lur for it would be a calamity indeed it if wo we every found oun ouris selvis elvos dependent on oil foreign producers |