Excerpt from Army-Navy-Air Force Register and Defense Times Oil. Three months if they are deo pended upon to furnish all that this country needs. Two years ago government authorities and some of the experts who had been studying the oil nituation. Predicted that at the rate of consumption and production. As that was reported in is. Oar oil reuources will have been exhausted in about sixteen ysana Oi course. There was in mind the contlnaency that new and rlch oil yields; not at that time linowo. Might be discovered and exploited. Now this coverhment authority tells the Petroleum Institute that ill the present rate of consumption and production. Our ltnown oil resources will be ex hausted in a little over nine years. This h a startling reduction trom the estimate made two rears ago. It tells a story oi the increased use of the various products of petroleum. Not only in the United States. But eleewhere. It shows how vital to the Industries of the United States and to some form of transporta tion. Petroleum products have become. The use of oil by an increased number of ships has served to draw heavily and beyond the former estimate of yearly consumption. Upon tho oil supply and pre sented directly to the Navy Department the problem at providing this tool to ships of war In the years to come. It looks now as it there would have to be a return to the coal-burning vessel during the next is or it years. Unless this country is able to acquire sources or supply of which the experts do not at present know. Other national have been more re mmlral oi the future than has this country. Which has not even looited after tut domestic supply and has failed to develop and conserve where it anould. It is quite npparont, in view or the recent estimate of the geological experts. That the Navy Department has a new problem on its hands sooner than was expected. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

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