Show Ocean Shelf New Source Of Energy Now that most of the oil and have been the United States must turn to more difficult sources-such as the offshore Continental Shelf-for its much-needed according to American Petroleum Institute President Frank WRITING in the current issue of Petroleum noted most of the oil and natural gas located close to the surface and easily found and extracted has long since been developed in this he to find new the search must turn to other locations which are more difficult and expensive to AN he the submerged portion of continent-the U.S. Continental No one can say at this point precisely what the petroleum potential of Uie entire marine area under this nation's jurisdiction may but recoverable quantities are thought to range from to oillion barrels of crude oil and around to trillion cubic feet of natural are already obtaining about 17 percent of our oil production and 15 percent of our natural gas production from marine the Continental Shelf is capable of making a much bigger contribution to relieving our energy |