U.S. Petroleum Reserves
THEY WILL BE EXHAUSTED IN TEN YEARS Recd. 6.10 p.m. Washington, Jan. 13 The Secretary of the Interior (Mr. Krug) warned the Senate Foreign Relations Committee today that the known United States petroleum reserves would be exhausted in ten years at the current rate of consumption. Mr. Krug, who asked Congress for more funds to develop shale oil deposits and synthetic liquid fuels, said the lignite coal deposits the United States could yield in synthetic liquid fuels was about 25 times the nation’s present proved petroleum reserves, and shale deposits were capable of yielding about five times the proven petroleum reserves.
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Wanganui Chronicle, 15 January 1948, Page 5
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104U.S. Petroleum Reserves Wanganui Chronicle, 15 January 1948, Page 5
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