Show new ew drilling methods increased acre ased production after fter last world war 4 secretary of the navy knox has predicted a crude oil shortage within j year and exhaustion in 14 to 20 jears years of present known supplies S almost these same words were used sed during durin 9 the last world war and aen lien the oil 11 industry evolved evolved new ruling drilling methods found new fields really greatly increased the products taken rom in crude oil and gave our nation the greatest supply of oil products on record I 1 there was incentive to do the job j f our lawmakers and regulators will lut but give the oil industry halt half a chance ind nd allow a fair return for the risk involved it is a safe bet that this F country wont be out of oil 11 in one year rear or 20 years cut the red tape before an artificial shortage Is created and give Arne rican enterprise a chance to meet iny my emergency any other policy will be fatal to a nation that uses gasoline and oil products almost as freely os s water |