Show TRE THE PETROL PETROLEUM EUl AGE the outlook for the future of 0 the oil industry Is always obscure nobody can anticipate at what rate new production will be brought in however production tendency is downward and as tar far as can be seen the indu prospects are good believes the national city bank of new york the heavy stocks accumulated during the years of 0 over production still constitute a problem but with constantly increasing consumption these stocks unless materially increased in the future will more and more take on their proper function as reserves against shortage the united states in 1925 produced barrels of oil an increase ot of 65 per cent over 1921 1924 consumption of crude oil by re finers again broke all records with barrels an increase of 0 per cent over 19 1921 1 1 the increasing demand of 0 1925 was met through discovery ot of new fields development of deeper sands as result of improved methods of 0 drilling and improved methods of production science and invention are constantly making new drafts upon the barrel of petroleum to meet new re requirements quire ments says the bulletin of the national city bank the use of oil as fuel in industrial plants locomotives ships and domestic heating has enormously increased year by year petroleum products increase in number and uses the world Is living in its petroleum age and the possibilities of the future are suggested by the fact that the people of the united states now use six barrels of petroleum per capita per annum while the rest of the world uses only one fifth ot of one barrel per capita |