Table 1 



THE ENERGY BILL AS A PER CENT OF VALUE ADDED IN MANUFACTURING, 



MAJOR INDUSTRIAL GROUPS, 1961 



Source: Department of Commerce, Bureau of the Census, 1961 Annual Survey of Manufactures, General Statistics 

 for Industry Groups and Selected Industries M61(AS)— 1, p. 4; Fuels and Electric Energy Used by Major Industry 

 Groups, and by Divisions and States M61 (AS)— 5, p. 2. 



lions, will be a major challenge. The industry's 

 present offshore investment rate of about $1 

 billion per year is expected to exceed $25 biUion 

 over the next 10 years, in more than 100 

 countries. 



The petroleum industry has already become a 

 significant factor in the development of marine 

 resources. Production has been established in the 

 waters of 22 countries and exploration is now 

 underway off the shores of more than 75 nations 

 on five continents. Offshore drilling rigs are at 

 work on the continental shelves of 35 countries, 

 and 15 more are expected to join the list soon. 



Approximately 20 per cent (about 70 billion 

 barrels) of the free world's proved petroleum 

 reserves are offshore, and approximately 16 per 

 cent (5 million barrels per day) are now being 

 produced from offshore, as well as 6 per cent of 

 the free world's gas production. 



Already, more than $7 bilhon has been invested 

 by the petroleum industry in the waters off the 

 United States, and over 9,000 domestic offshore 

 wells have been drilled. The annual income to the 

 Federal Government from offshore petroleum is 

 already about two-thirds of the total mineral 

 royalties received by the Federal Government 



VII- 190 



