CONTENTS. 
Page. 
Introduction. 1 
1. The Resource 2 
Nature 2 
Occurrence 3 
Origin 4 
Distribution 4 
2. The Industry 5 
Production 7 
Transportation 14 
Refining 16 
Distribution 21 
The natural gas industry 22 
3. The Limitation 25 
The petroleum reserve 25 
What petroleum exhaustion means 29 
The war situation 35 
4. The Problem 39 
Prolonging the life of the petroleum reserve 40 
Discovery of new oil fields 40 
Elimination of wastes in production 40 
Greater extraction of values 44 
Development of foreign sources of supply 48 
Development of oil shales 49 
Development of substitutes 53 
5. The Solution 55 
The fundamental causes of waste 56 
The laissez-faire policy 59 
The advisory policy 60 
The autocratic policy 61 
The constructive economic policy 61 
Discouragement of unrestricted competition in production 63 
Tapering use of oil as steam-raising fuel 65 
Encouragement of multiple-product (by-product) development. 67 
Encouragement of oil-shale development 71 
Encouragement of benzol and alcohol development 72 
Summary 73 
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