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Show Oil In Peace And War I "President Coolidge five years ago I apscrled that the supremacy of nations m'ght be determined by the possession L of available petroleum, and petroleum pre duct? " says Henry L. Doherty. f "Oil is the most important munition I cf var. It is being wasted today in I a most shocking manner "The laws under which oil is produced pro-duced necessitate this colossal waste. Our laws automatically bring about depiction of our domestic resources.... Our laws invite foreign companies to P". duce their oils here to supply their markets abroad and hold their ground I resources, unimpaired in foreign coun-l coun-l tries. Ws do not know how mucn oil r we have left. All the evidence that i rj:i b? produced and that is entitled P to rank as true evidence would indi-j, indi-j, cate that a shortage is imminent. . In peace or in war, oil determines, to a large extent, the supremacy of a nation. Petroleum and its product; have become social and industrial necessities, on which almost every hu- ' man occupation relies. An oil short-j short-j age would be felt by every industry I and worker. America today has no I more serious problem on its hands I than that of waste an.d over-produc-I tion of our invaluable petroleum re- sources. |