OCR Text |
Show UNITED STATES OUTPUT OF OIL DROPS IN 1930 The world's consumption of crude petroleum during 1930 reached reach-ed a total of 1,418,723,000 barrels, a decrease of 65,318,000 barrels, or 4 per cent, from the total of 1,-484,041,000 1,-484,041,000 barrels recorded for 1929, according to preliminary figures fig-ures compiled by the United States bureau of mines, department of commerce. United States production dropped drop-ped from 1,007,323,000 barrels in 1929, to approximately 898,000,000 barrels in 1930, a decline of about 109,000,000 barrels, or 11 per cent. Production in countries other than the United States, however, increased from a 1929 total of 476,718,000 barrels to 120,723,000 barrels bar-rels in 1930, an increase of 44,-005,000 44,-005,000 barrels, or 9 per cent. United States production, consequently, con-sequently, accounted for 63.4 per cent of the world's total, the lowest low-est ratio since 1921. |