Petroleum 
Dr. CHALMER G. KIRKBRIDE, Chairman GEORGE C. HowARD 
Sun Oil Co. Pan American Petroleum Co. 
F, GILMAN BLAKE Dr. RicHARD J. HOWE 
Chevron Research Esso Production Research Co. 
Dr. WARREN B. BROOKS Dr. Merton E. SIMONS 
Socony Mobile Oil Co. Phillips Petroleum 
KEITH Doic Dr. Karu C. TENBRINK 
Shell Oil Co. Texaco Corporation 
Horuis D. HEDBERG Dr. CHARLES L, THOMAs 
Gulf Oil Corp. Sun Oil Company 
4. SUMMARY—FINDINGS OF THE FIVE INDUSTRIES 
Industries involved in the study have different objectives and are 
in different states of technological involvement in the sea; as a result, 
they also have different problems. The significant findings are listed 
below. 
Petroleum 
a. The petroleum industry is committed to exploitation of the off- 
shore oil and gas fields. 
b. It has an investment of over $10 billion and a recent annual sales 
rate of over $700 million. 
c. The industry is increasing its own effort in research, develop- 
ment, and operations. 
d. The technological problems of exploiting a commercial oil deposit 
in shallow to moderately deep water have been developed. 
e. Its major concern is with finding an effective means of killing 
hurricanes in their early stages and improved services in environmental 
prediction. 
f. The traditional guidelines established by the U.S. Geological 
Survey on land are believed to represent an appropriate separation of 
the government’s and industry’s proper spheres of action in the sea. 
Mining 
a. Sand and gravel constitute the largest single segment of the min- 
ing industry, totaling almost $900 million in 1964. About half of this 
came from coastal States, but only a small fraction was from offshore 
operations. 
b. Sea-floor mining of sulfur and oyster shell resulted in about $45 
million in sales in 1964. 
ce. Annual income derived from platinum dredging averaged about 
$1 million. 
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