RI 2176 Possibility of Producing Oil from Oil Shale

"Before discussing oil shales it may be well to consider briefly the conditions surrounding the petroleum industry in the United States, because these largely explain why so much interest is being manifested in oil shales. The United States is not only the greatest producer of petroleum in the world, its output amounting to about 65 per cent of the world's total production; but is also the world's greatest consumer, using more petroleum than it produces within its own borders. For the past four or five years it has been necessary to import oil at a continually increasing rate to make up the deficit between domestic production and domestic consumption. Experts who have made a close study of the future supply and demand for, crude petroleum are satisfied that under present production practice and with the development of possible undeveloped productive areas, the gap between domestic consumption and production will steadily .increase.As possible solutions for the impending domestic shortage of oil, various expedients are receiving attention. These may be grouped under three heads, as follows:(1) Temporary measures, such as curtailment of consumption, development of more efficient methods of production, and more efficient utilization of supplies of petroleum still available. It is unlikely that there will be any great curtailment in consumption of petroleum in the United States; rather, consumption will continue to increase unless a real shortage of oil actually forces curtailment of consumption. The other two possibilities mentioned deserve, and are resolving, serious thought. Much experimental work along these lines, some of which has already yielded excellent results, is being done. Obviously, however, any of these remedies are temporary ones only, so far as regards domestic production of petroleum."