Show I Where e Does the World Get Its Supply of Oil JL JL J Three Nations Control Output Out Oui put of Industries Industries' Lifeblood Discussion of ot oil embargoes In connection with the Italo Italo war raises the question Where does the world get Its oily oil in Petroleum Petroleum Petro Petro- leum deposits have hn been found In every continent except Antarctica but well defined pools are widely scattered Actually a very few tew nations nations na control the supply of ot this life life- of ot modern Industry Three countries produce about 81 HI per cent of ot the worlds world's petroleum output says the National Geographic ic society These are arc the tho United States SUItes Soviet Russia and Venezuela If It all three should cut off their oil supplies many steamships trucks automobiles armored tanks airplanes air planes and railroads all aU over th the world would be stopped as well n as Industries depending on oil for furl fuel or lubrication Great Grent Britain through her control of ot distribution of ot oil pr produced produced pro pro- In her dominions and colonies and In many other countries also Is n 1 r t. t 1 I 11 u 4 vun 11 UJ l i LUl iu JU LU I G Il vU situation Italy Produces Little OilA Oil A A general oil embargo would practically threaten Ital Italy's s motors with starvation star for tor Italy In the en entIre entire tire the year of ot 1034 1934 produced only ns fiS much oil nil as the United States does In about two hours Almost 19 11 per cent of ot the worlds world's oil all comes from only twelve coun oun tries Italy Is but one of ot the man many nations which would have e to combine combine combine com com- bine their petroleum resources to tomake tomake make e up the other 1 per cent While White the three leading nations are mal making production history by their thundering progress along th tha oil trail four others follow them In Ina Inn ina a n group although many laps behind Rumania Iran Persia Netherlands Nether Nether- lands Indies and Mexico Almost neck and neck node five fie more follow along Colombia Argentina Peru Perno India and Trinidad which pro produce luce less ICES than 1 per cent of oC the worlds world's annual output each Oil Also Found Under Water The uThe distribution of or petroleum seems to show a slight preference for the western hemisphere and for forthe forthe forthe the northern side of the equator Nevertheless Ne It Is found In such B extremes as Iraq where iron muscled Iron muscled Kurds work In July heat heal at lM d de degrees degrees grees in the shade and north of Point Barrow In Alaska where frozen frozen en clods of soaked oil earth arc are burned as a substitute for coal Water as well as earth carth may tie lie above e petroleum Venezuela's Lake Lal Maracaibo black with oil oil oU Is studded with derricks which workmen reach by bridges es of narrow planks plank from the shore and Is supervised from n s t floating camp on a barge abarge The Summerland Sum Sura merland field o of Santa Barbara coun ty California extends beyond the shoreline of ot the Pacific so that derricks der ricks wade Into the ocean to draw un nil from 1 font below v sea sen level The United States leads the world In oil all production Recently a diamond din dia mond jubilee marked the Industry's seventy fifth anniversary since Col Cot Edwin Ed Drake sank the country's first oil nil w I 1 70 feet Into the rich Appa Appalachian Appalachian lachlan field at Titusville Pa Oil Is still sUB produced In Pennsylvania espe daily chilly for Cor the manufacture of cants Texas Fields Date From 1901 In 1001 1901 the rich Texas oil on fields were brought In starting a branch of the Industry stry which in 1934 4 pro produced produced produced 3 worth of oil more than the combined production ot of the two next richest areas Oklahoma UI and California The latest ular development Is that of the e Lou Loo- Gulf coast which doubled iti It production In 1034 1131 One geologist estimates that the United States al already al al- ready producing 01 per cent of the the I worlds world's oil from Its two million acree acres of ot oil fields actually has more than thana a billion acres untouched Running second Soviet let Russia RuSsin government controlled oil production rose In 1034 to W barrels with v acres and acres of ot oil seepages undeveloped or even un prospected Venezuela keeps third place at ata ata a n gait which Is amazing In InI I view w of or orthe the fact that commercial production began there less than twenty years year a ago o. o Petroleum constitutes 75 per percent percent cent of ot the COUll country's try's exports Rumania Humania Rumania Ru Ru- mania taking fourth place from Iran In 1034 1934 still has many undeveloped areas |