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Secretary of Interior Describes Oil Situation
Secretary of the Interior Krug explains that shortages stem from surging demand, not reduced supply. He notes a 33 percent rise in petroleum consumption and a 60 percent jump in gasoline use since 1947, with diesel engines on orders and air travel expanding high octane fuel use. Daily crude output exceeds 500,000 barrels, though wartime plant expansion is years behind, and conservation could ease the strain.
MENTIONED IN THIS ARTICLE
Krug
U.S