Show 1 oil outlook reassuring commenting on our future supply ot of oil the standard oil bulletin published by the standard oil company of 0 california says predictions of failure of the amer ican can supply ot of oil have been made almost af from the beginning of the oil industry all have proved fallacious when the production of old fields has dropped off the oil industry has found new fields A committee of eleven members of the board ot of directors of 0 the american petroleum institute has just issued a report on the future of the industry the report draws particular attention to two impending cevelo developments p of very great importance one is the extension within the industry of cracking crude oil a process which increases the yield of the all important gasoline the other Is a change in motor construction which roughly ing will double the mileage raf leage ot of the automobile per gallon ot of gasoline herein is true conservation although the findings of cf the committee are reassuring there may be passing periods of shortage of petroleum but there is no danger in the situation |