OIL UNDER SEA
AMERICAN PROCLAMATION
WASHINGTON, September 30. President Truman has issued a proclamafion asserting United States Jurisdiction over the oil resources of the continental shelf under the waters bordering all the American coastline. ■ .
He said that petroleum geologists believed that portions of the continental shelf beyond the three-mile limit contained valuable oil deposits. The order would make possible the orderly development of the underwater area. It is considered that 750,000 square miles of continental shelf is submerged land contiguous to the continent and covered by not more than 600 ft of water. '
The oil proclamation also empowered the establishment of fishery conservation zones contiguous to the United States. It was officially stated that the Japanese exploitation of fisheries in Alaskan waters contributed to the Government's decision.
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Bibliographic details
Evening Post, Volume CXL, Issue 79, 1 October 1945, Page 6
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127OIL UNDER SEA Evening Post, Volume CXL, Issue 79, 1 October 1945, Page 6
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