THOUGHTS FOR THE TIMES.
On, Situation Ai.auminc;. The situation iii the oil industry is ereating some alarm. Air E. W • Marian. of the F.S.A. Marland Oil Co., one ol the largest independent ji rod (icing and refining concerns, the other day in discussing the outlook said that the rapid increase m Hie number ot automobiles in the world, and the increase in machinery dependent upon petroleum for its motive power and lubrication bail taxed the resources to the fullest energy and capital ot the petroleum industry to keep its production in pace with consumption. lie Mamed that unless within a year new I», -* 1 1 s wire found, which will produce a large number of new wells, they will have trie old tear of an oil famine presenting itself.
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Hokitika Guardian, 30 October 1923, Page 2
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129THOUGHTS FOR THE TIMES. Hokitika Guardian, 30 October 1923, Page 2
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