Show CRUDE OIL AS FUEL WILL BE AVAILABLE FOR FOB generation crude oil ao aa a fuel for the navy will bo be available ayal lable from fields in tb the united states particularly tho the california field for at t least a generation yet to come this in effect la it the sub stane cf r a letter written by secretary lone I 1 ane of the interior to tc secretary daniels of the navy in re to inquiries by the letter latter con corning oil resources reao twenty years hence wy says secretary lane the price of fuel oil which then sit as now will be produced chiefly in california win will be much higher than at present and the will probably have declined I 1 seriously the failure odthe of the oil all supplies blip piles of the united states will not take place suddenly the me decline will be gradual and will tend con scantly brantly to be checked by prices no relief can be expected in the in ailee ice of fuel oil at ait atlantic ports porta ful foi commercial uses relief to the abe nay nary from increasing commercial can probably be secured aply liy by the development of its lt own re thomes where it should be pos possibly to produce pi odiste oils oll at to proximately the th present cost af production fifty cents or less leeg por per barrel plus trans trana port por atlon tation to the point of use ue 11 secretary lane expressed the be lief that the ali navy could rely on tb the reserves already existing tor for an oil all supply for a period greater thau than the life of any battleship to be cou con within the next decade |