Oil Conservation and Stabilization

Archive Report

Exhaustion of the country's oil resources has been indefinitely postponed by recent scientific advances in the production and refining of crude petroleum. The technical improvements that have been developed and put into practice during the last few years will prove of immense future advantage, to the public and to the industry as well, but for the present they are contributing to waste, and have combined with other factors to throw the petroleum industry into a state bordering on demoralization.

The most important of the scientific advances on the side of production has been the perfection of the artificial lift system, which accelerates the flow of oil from oil sands through the application of air pressure and permits the complete exploitation of fields in which it ...

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