Vast Venezuelan oil reserves seen shaping future output
Joseph E. Pogue of Chase National Bank reports Venezuela holds about 13.5 billion barrels discovered plus nine billion proven reserves. He notes vast unexplored basins and predicts decades of exploration will be needed. Markets remain the key factor influencing future export patterns and volumes.
MENTIONED IN THIS ARTICLE
New York
INS
Venezuela
Joseph E. Pogue
Chase National Bank
Enezuela
Pogue
Maracaibo-Falcon
Orinoco
Apure
Venezuela’s Favorable Export Position Noted by Pogue
Pogue highlights Venezuela’s geographic advantage for oil exports with lower tanker costs to Europe and the Western Hemisphere. He cites about fifty cents per barrel cheaper to Southampton and one dollar cheaper to New York versus the Middle East, though Middle Eastern crude edges out in Europe due to lower production costs offsetting transport gains. He adds that despite the transport edge, Venezuelan crude loses European market share to the Middle East.
MENTIONED IN THIS ARTICLE
Pogue
Venezuela
Europe
United States
South American
Canada
Central America
Middle East
Persian Gulf
Mediterranean
Southhampton
New York
West
Milk production in eastern North Carolina dairy cited
College Station Raleigh August 18 A dairy herd owned by R M Lefler of Willard shows milk can be produced economically in eastern North Carolina A dairy specialist notes Venezuela holds transport advantage over the Middle East for Western Hemisphere shipments Lefler milks 18 Holstein cows averaging 50 gallons daily aided by Ladino clover grazing He leads southeastern dairymen in state milk output with his two cows Pet and her daughter producing 12 121 and 6 071 pounds in six months and 110 days respectively Floyd Solomon of Wallace involved in testing the herd.
MENTIONED IN THIS ARTICLE
College Station
Raleigh
R M_ Fefler
Willard
North Carolina
A R. Rich
I State College Extension Service
Lefler
Rich
Lesler
All i
Stanley Brothers
Charlotte Lefler
Pet
Lester
Floyd Soloman
Wallace
India Also Has Liquor Troubles in Madras Province
In Madras many prohibition offences rose in July with 5 581 cases across 25 districts. Illicit distilling accounted for nearly half and smuggling use of tea chests hides bottles entering Indian territory. Authorities blame public apathy and note hostile village raids during police action. A provincial legislator proposes dropping prohibition due to its failures and revenue loss.
MENTIONED IN THIS ARTICLE
Madras
India
Kurnool
Yuvaraja
Pithapram
Baptism Rite Administered At Execution
In a Nationalist China section, General Li Chi Pin had Communists baptized by a local priest before their execution at sunrise. The military chief boasted he baptized them just as the water touched their heads, saying the men would not have a chance to damn their souls.
MENTIONED IN THIS ARTICLE
New York
China
Li Chi Pin
Society For the Propagation of the Faith
Father T
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Ne Oil Resources of
Theodore Koslow
International News Service Financial
MRS. Filberts Mayonnaise
Mr Filbert
Pepsi-Cola
America
Pacis
Epson
Pepsi-Cola Bottling Co
Winston-Salem
ABC
Imidl Ea Heith
Hunt Club
Cr Tigh
Genes ‘Tipton
Vel, Ige
Action Cleanser
JJC
Wilson's
White House
AJAX
Igc
Armin
Home Service Stores Home Stores
Western Hemisphere
Suez Canal
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