GASOLINE PRODUCTION

Dominion, Volume 15, Issue 154, 25 March 1922, Page 5

GASOLINE PRODUCTION

A SUBSTANTIAL INCREASE. According tp the “Export AVorld,” abundant supplies of gasoline were made available for. the motor industry in 192 E. The shortage of 1920 causeci great activity in the development of refineries and the improvement of processes of making gasoline from erude oil. In 1921 there were 415 refineries in the United States, as compared with 373 In 1920 and ,176 in 1914. The production of this fuel last year was 5,360,000,000 gallons, or an excess of 850,000,000 gallons over the year’s consumption. It is estimated that at the present rate of production and consumption there would be enough fuel to last the United States for at least 100 years. It is estimated that there are the following x oil deposits in the world:— Barrels. U S.A. and Alaska Mexico 4,500,000,000' South America 9,250,000,000 Eastern Hemisphere ... 21,250,000,000 Probable undiscovered .. 20,000,000,000 hi addition to these resources there are the possibilities of getting oil from shale rock, of using substitute fuels, of more thorough refining of oil into gasoline, and also of more economically designed motor engines. As most motorists know, fuel for motor engines has been greatly reduced during the past twelve months, and the tendency is for prices to go lower.