Show I Stew M 7 N SETTER FORESEE PINCH IV IX TEN TEV YEARS ns AIlS BY DY 1 STEWART STEW NI A Writer riter WASHINGTON Join J in 27 27 Americans think Its It's something awful the way they re being gouged now by British rubber rabber pro pro- producers pro producer ducer But nut the United States GeologIcal Geological ical Survey hint hints It isn't l nt a a cir cir- circumstance dr cir circumstance to what's coming a afew afew few tew years hence hen when this coun coun- country country try and Mexico exl o set get down about to the bottom ot of their oil reser reser- reservoirs reservoirs reservoirs The survey gives ghe them about 10 years before they begin to feel the pinch American nil oil Isn't the lit be only oIl oIlIn oilIn In the world Probably its ite If onlY a comparatively comparative small 1 part art of ot it It The British Q ian n or control what are believed ti tl be rich fields in III inthe inthe the middle and near Persia east can and eI where Japan Un- Un Undoubtedly un undoubtedly has lus plenty In ii Island bland oft off Sibil la Kuula is sup sup- supposed supposed sup supposed posed to be ba w il provided nut Hut these co hardly draw at all on thel then their wn sup lea les They UI up their v and come over o and bu buy here The Tho United States provide the world with about 71 pet pel cent or of orall all its oil Wa We and ad Mexico pro pro- provide pro provide vide approximately 90 rr r r cent The Tho world can to o come to tous tous tous us because we e not nL hoggish about our prices tr owners may not think so sa but the Geological Survey predIcts that thai they'll look back bacle on them as aa such when their domestic wells run dry and they have to go abroad fo en gps to turn their motors The survey y plainly that the foreigners II are holding some something thing up their n hanging I onto their own stores while were we're using using up lip ours as fast us wi WO call cati pump them Letting oil como to surface all by Itself and run out volun volun- voluntarily voluntarily needless to say is a cheap method of o production Pumping It isn't very ery expensive hut But the quantIty a by such means is limited As pre pre- pre previously remarked we appear to have ha enough tu Lu last 11 10 years ears or thereabouts Then We shall hass has's to begin wringing It oit of oIl bearing oil rock ocle which costs co ts money In ef- ef effect C ef effect feet It will have havo to be mined like coal requiring high ma machinery ma- ma machinery machinery chinery and man power man power At this point the te British the and the will calmly extract the stoppers from their wells and anti oil will begin to gush at a production cost of next to nothing just as ours used to do Operation oC or our own oil mines will be snaking au our gt gas 1 cost 11 about G 69 GO cents a galien by this Well We'll gaze at our neighbors cheap over over- overseas overseas seas and say Bay we d U like lII some they'll reply cordially You Yost can have base alt alf you OU want around 53 59 cents a gal a ot Of 0 course all nh ill this I la Is assuming we dont don't disco er tr more mora domestic oil ot of which tiu 1 ie Sur Sur- Survey Sur- Sur Survey Survey vey doesn't L e to thInk theres there's much Or that some now new means Isn't invented for Cot d iving d ships and other vehicleS vehicle of the tho tholand theland tholand land ten sea and air which now de- de de depend Ie- Ie pend on oil m and ind l its deri for their motive power This latter laUer ralli reaU is considerably talked about but t t b hoon's us to do something talking OS Dr were waro eto duo for tor a ex- ex experience cx in Ihl thi course or f another decade that probably will makous snake make us feel as It If tIle Iho BrItish rubber monopOlIes had treated us u gener cener |