WORLD’S OIL WILL LAST 3000 YEARS.

Star (Christchurch), Issue 18576, 26 September 1928, Page 9

WORLD’S OIL WILL LAST 3000 YEARS.

NEW “ CRACKING ” PROCESS PRODUCES FUEL FROM OTHER SOURCES. (United Press Assn.—By Electric Telegraph.—Copyright.) (Received September 26, 1 p.m.) LONDON, September 25. "Although the American estimate of 1926 suggested that the world's oil supplies would be exhausted in six years, the new process of ‘cracking,’ by which Crude heavy oils are transformed into motor fuel, enables the supply to be sufficient for 3000 years,” said an American delegate. Dr Gustav Egloff, at the World Power Conference. He added that “cracking” was producing over five billion gallons of petrol from petroleum. They could also “crack” coal tars, oil shales, asphalt, peat tars, vegetable oils and fish oils, producing an average of 50 per cent fuel and several by-products. Even if motors, increasing at the present rate, reached 75,000,000, requiring forty billion gallons of fuel a year, there was no need to fear a shortage. He suggested that European countries should construct “cracking” plants and store at least 100,000,000 barrels of fuel for use in national emergency to produce motor fuel and explosives- United Service.