Evening Republican, Volume 22, Number 81, Rensselaer, Jasper County, 7 April 1919 — U. S. Supply of Oil Held Near Half Gone [ARTICLE]

U. S. Supply of Oil Held Near Half Gone

Washington.—Forty per cent of the total kiteW oil supply lir the United States, exclusive of oil shale deposits in three states, has been exhausted, according to estimates transmitted by Secretary Lane to the senate commerce committee in compliance with a resolution presented by Senator Ransdell of Louisiana, and made public by the committee. __ Up to last January 1, Mr. Lane said, a total of 4,598,000,000 barrels had been produced, white the known available oil resources, not counting the shale deposits, in the ground and In field storage were estimated at 6,740,000,000 barrels. Distillation of shale deposits in Colorado, Utah and Wyoming, however, would produce 70,000,000,000 barrels of oil, the secretary said.