OCR Text |
Show No Danger of Oil Shortage There is enough gasoline in the world to last at least 3,000 years, said Dr. Gustave Egloff, a Chicago scientist, recently. Dr. Egloff stated that there are today to-day 1.100,000.000 acres of possible oil lands in the United States alone. The potential oil areas in other parts of the world are sufficient to produce over 100,000,000,000 barrels of crude oil. The "cracking" process, which is being be-ing used to produce more than 5,000,-000 5,000,-000 gallons of gasoline yearly from petroleum pe-troleum oils, could be used on present by-products and oil shales, as well, to increase the amount of gasoline production produc-tion when necessary. Another encouraging sign is the determined de-termined effort being made by the industry in-dustry to conserve oil resources and curb over-production. Cooperation among producers will assure us a supply sup-ply that will meet adequately the demand de-mand at a stable price. j Those who criticize use of our natural nat-ural resources on the ground that they will be quickly exhausted, have no support sup-port in the scientific facts. j |