Show THE FUTURE or OIL A nationally prominent oil man says the fear of a possible of the oil industry Is not well based last year the U S produced barrels of oil but this was barrels short of consumption which had to be imported from mexico eliminating the war increase and taking the ten years preceding th the e war we find that the average annual increase in consumption it continued will in eight ears require every oil refinery in the united states to double its capacity the ten year prewar pre war increase occurred before the airplane and submarine began using large quantities before conversions from coal to oil as fuel tor for ships became frequent and while the automobile industry wag wa just getting into its stride in ensuing years the demand from these sources for oil will increase tremendously the possibilities in use of oil as vessel fuel alone can be appreciated aiom the tact fact I 1 that hat three ton cargo boats burning oil can do the work of tour four same size vessels using coal and at less exance expense per boat Is it any wonder that far seeing men are striving tor for a national policy and legislation encouraging to rather than discouraging to further development of our oil lands |