Evening Republican, Volume 20, Number 215, Rensselaer, Jasper County, 7 September 1916 — New Russian Oil Fields. [ARTICLE]

New Russian Oil Fields.

A newly verified Russian oil field, ■with an area of about 70,000 square miles, or about twice the size of the ■NSy England states, now emerges strangely from a mass of explorers’ data to suggest pretty strongly that current pessimism over the decreasing output of the oil fields of the Caucasus is not well justified. This new field, according to Russia, the monthly organ of IL Mqrtens & Co., is located in the Ural province, begins at the Caspian sea, taking a fanlike shape to the north as far as the town of Alexandrovsky Gai, runs nearly due east to the town of Ternir and from there in a southerly and southwesterly directions, following the Emba river to the Caspian sea again. Although an attempt was made by the government to encourage the commercial exploration of this country as far back as 1899, no serious development work had been done until a very short time ago. Russia more now than ever, is feeling effects*bf the high prices of petroleum and its absolute necessity has led to the discovery of these fields. —Wall Street Journal.