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Peace, Plenty and Petroleum

Nature volume 155, pages 3233 (13 January 1945) | Download Citation



THIS review of the present position of the American petroleum industry may not prove particularly palatable to those nurtured on the pleasant theory that undiscovered reserves in the United States amount to "some comfortable astronomical figure", to quote the author's own words. Indeed, it will be a hard task for a nation which has for many years produced 65 per cent of the world's oil to adjust its independent viewpoint and face the fact that its domestic production is no longer adequate to its own needs. America has become an oil-importing country, and if present trends within the industry continue, she will become increasingly dependent on foreign supplies.

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