Indianapolis Times, Volume 39, Number 249, Indianapolis, Marion County, 24 February 1928 — Page 13

FEB. 24, 1928

EXPERTS VOICE OPTIMISM OVER OIL SITUATION Many Factors Favor Long Period of Production, Says Geologists. This Is the last of a series of articles on the world oil situation. BY RODNEY DUTCHER NEA Service Writer {Copyright. 1928, NEA Service) WASHINGTON, Feb. 24.—Wi1l our oil supply be exhausted within the next ten years, as certain glbomy prognosticators declare? If you accept the word of one of the nation’s leading geologists, the general manager of a great railroad and the president of an automobile research group, you can hardly believe it will. These three men are optimistic over the future of America’s oil supply. Irving Perrine of Oklahoma City, is one of the leading geologists of the Middle West and Southwest. He has been chief geologist for E. W. Marland and other companies. Marland is now chairman of the American Petroleum Institute’s conservation committee. C. F. Kettering is president of The General Motors Research corporation. J. 'H. Dyer is general manager of the Southern Pacific. Reserves Untouched Here is what Perrine thinks about it: “No living person can give a true answer to the question as to the possible future life of our oil fields. Factors favoring a long period of sufficient production are: “The presence of a large amount of undrilled but semi-proved acreage. “The known existence of a large number of undrilled geological structures in favorable territories. “The possibility of deeper production in many of the present fields. “The increased recovery possible from present reservoirs of oil by methods as yet untried, and the methods used only slightly now. Huge Supply In Shales "The known existence of huge quantities of oil in shales. “Increased efficiency in motors

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Hoover forces on the G. O. P. battle line now drawn across Ohio have been reinforced by Maurice Maschke, above, "national committeeman from Cleveland. H 6 has bolted from the Ohio forces supporting Senator Frank B. Willis, presidential aspirant, and carries with him the votes of at least six delegates. whereby the average mileage per gallon of gasoline can be greatly increased by use of a different type of motor. “The increasing ability on the part of geologists cooperating with geophysicists to locate structures which cannot be mapped from surface geology. “All these factors combine to make it seem highly probable that there will be a sufficient amount of oil for future needs for many years to come.” Science Has Big l’art Perrine thinks scientists will be able to keep ahead of the needs in arises, he says, scientists can provide the oil industry. If necessity a substitute for oil from which to make gasoline. “However, every means within our power,” says Perrine, “should be used to conserve our petroleum resources. "The present extravagant methods of producing oil should be curbed at once and every effort put forth to hold the production to an amount commensurate with present consumption.”

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[CITY SEEKS NATIONAL I EDUCATIONAL PARLEY More Than 100 State Leaders to Attend Boston Meeting. The Indiana delegation at the National Educational Association superintendents and principals department annual meeting at Boston next week will try to land the 1929 convention to Indianapolis. Invitations to meet here was extended last year at Dallas, Texas. Charles F. Miller, Indianapolis superintendent, has arranged for a meeting of Indiana delegates in the Essex hotel at Boston Monday night to organize. More than 100 Indiana educators, of which more than thirty are from Indianapolis, have announced intentions of attending.

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