PETROL
WASHINGTON, Wed. —The Secretary of the Interior (Mr Julius Kx-ug) warmed the Senate Foreign Relations Committee today that known United States petroleum .reserves would be exhausted in 10 years at the current rate of consumption. Mr Krug, who asked Congress for more funds to develop shale oil deposits and.' synthetic liquid fuels, sai& that lignite coal dep*its in the United States could yield in synthetic fuels about 25 times the nation’s .present .proved petroleum Reserves. Shale dJposits were capable cS yielding about five* times the proved * petroleum i-e----serves.
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Northern Advocate, 15 January 1948, Page 2
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89PETROL Northern Advocate, 15 January 1948, Page 2
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