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Show FJTURB PRODUCTION ' 'OF PETROLEUM rt - it t ' hojjtao.'A.iiQIDaanullr prcaldoht of thi AniqTlwni Pmtroloum lnstltutcj sa n:jj"Tl)p public, has boon frequently frequent-ly jolarmcd by statements .-"Of wblN in lining and lcarnod Bclontleta pre-dl pre-dl lng an'icarlriexlmuatlortt Arvwr petroleum t;esourccfv Ini somo In-t 8tlhc Blvlng morol dr? less doflnlte l flKitrcs as to tho supply till obtain i ablo and-tettltig a tlmo for uxhnustlon wjthlu tho limits .of tho lifetime of mjjn now engaged In tha buslnoBa. iThero arc mmny Important pctrot i tm deposits even' within tho boun-ttnrloB boun-ttnrloB of. tho United States that tlioso,inon have not yet located ,or tiiltcn into, heir calcttlntlonB. , t petroleum is widely dlslrlb,utqd tliVouBhobt tlm world andi I boliovoi InJsuUlclent quantities to nfOft, tljc . rcjjulrcninnls pt'epont, apd .future, , ami ifi tlit' ecououilQ luw.ot suppl) , ntifl demand jstglvtjnip. fipp ippppr-tifllty ippppr-tifllty to acfiprt itsoU, attlflclal, poll-tlial poll-tlial and'trovornnioitir.estrlettpn an rctovqd.J,aIfiYiiK iffftrj body.-, frpnj, oVjerywhcre tn ipartlotjialq lm ,Uiy pi'oBprctlnai nnil, prt)diictloirtne(;e?r , syft tberQtaviUnbf.nl(iiitj' ofsqll tin , nj"t!'tl rccittlrementSt In. nil ijrtv , ol 'the -world fonmf.ny sqneratjona.tp cr Jio.i t' i ' i "m i i 'All assurance, however, of etftble proptirty r8hts and private ov;ncr- tlijpMa intScessiry to .encourage thji prospector,' with his vision of wealth to get buBj. rnercaBed prices have always resulted re-sulted in increased activity of tlio wild catter, which In eturn haa,rc-J suited not only in. producing aurft-clcnt aurft-clcnt oil to mcctt he demands but, ln bringing about an Qcr production. produc-tion. Thero is nothing ptoducpd by man anywhere bo rcsponslre o the economic laws of supply and demand de-mand as'pertoleum. In the past the activity of tho wild patter within the boundaries of the United States durr ln tho period qf Increased Prices has 'always bepn aulTtclent to nieet tho demands, but the time has or- , Ivod' when It la necessary and do-lirabjo do-lirabjo to have a world wide activity in order to hicct tho requirements of tho futuro. (TUId can only be brought About by a change In the attltudo of j many of tho governments of tho world, by a change m tho numerous tcstrlctlvo regulations now existing I md allowing, a free opportunity for PTorybody from ererywherc tq participate par-ticipate In the necessary development "Nature has left few earmarks on the surface to Indlcato the exact locality lo-cality of pctroloum deposits and they i t must be located by the activity of tho prospector or wild cattor, which, i In iho aggrcguto, means thousands of faljurca with comparatively few suc- ceases. Each successful wild catter, howover, means the dlscoreiy of a new dcpolt and an Important addition addi-tion to the, knrwn itupply. The necessary ne-cessary wild catting can only be secured se-cured b)' RCneral .belief In gro.it profit pro-fit In the e,vent of success, an assurance assur-ance of property rights. and freedom fiom poisfblo govei nt,icnt Intirfer nccv |