"FLOW" OIL.
PROSPECTS OF DISCOVERY.
SUFFICIENT FOR DOMINION.
(By Telegraph.—Parliamentary Reporter.) WELLINGTON, Thursday.
Investigations conducted by the Department of Scientific and Industrial Research have established that the chances of finding " flow" oil in New Zealand- sufficient for her requirements and possibly also for those of Australia arc reasonably good.
Even if these supplies are found, states a return presented to Parliament to-day, economic development under present world conditions is largely influenced by the cost of transport, presumably by pipeline, to the nearest port or centre of distribution. Nevertheless the evidence submitted justifies an extensive geological and geophysical programme, the cost of which is extremely small compared with the interest on capital cost involved in the production of oil by other methods.
The possibilities of finding " flow" oil must be considered in connection with any proposals for hydrogenation. and it is preferable that these possibilities should first be investigated by an intensive programme during the next few years. I
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Bibliographic details
Auckland Star, Volume LXIV, Issue 296, 15 December 1933, Page 7
Word Count
158"FLOW" OIL. Auckland Star, Volume LXIV, Issue 296, 15 December 1933, Page 7
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