Democratic Sentinel, Volume 1, Number 38, Rensselaer, Jasper County, 2 November 1877 — The Petroleum Supply. [ARTICLE]

The Petroleum Supply.

Fears of the early exhaustion of the Pennsylvania petroleum fields seem to be quite general. Thomas McDonough, one of the largest operators in the State, says that the present oil territory will be exhausted in ten years, while there is no prospect that any other sources of

supply will be discovered. The wells of Bradford, Clarion and McLean counties furnish the largest quantities, while the Oil creek region, where the famous oil fever broke out, has nearly run dry. The demand from Europe is increasing rapidly, 25,000 to 30,000 barrels per day being exported out of the daily production of 32,000 to 33,000 barrels.