OIL SUPPLIES.
AUSTRALIAN INQUIRIES. WORLD PRODUCTION. EXHAUSTED IN 25 YEARS. KY CABLE- -PBESB ASSOCIATION —COPYRIGHT Received Nov. 21, 10.35 a.m. MELBOURNE, Nov. 21. Giving evidence before the Federal Joint Committee on Public Accounts, which is inquiring into oil operations, the Director of the Institute of Science and Industry, Sir C. Knibbs, said that at the present rate of consumption petroleum production cannot possibly continue much longer, nor can there ?)© any relief from the growing demands for spirit for power and burning. The world’s supplies will be exhausted within twenty years, he said, and the producting countries were certain to restrict tlie exportation of their oil •supplies.
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Hawera Star, Volume XLVIII, 21 November 1924, Page 5
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106OIL SUPPLIES. Hawera Star, Volume XLVIII, 21 November 1924, Page 5
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