DAILY OIL DEFICIT OF THREE-EIGHTHS MILLION BARRELS

Preview:

Citation preview

244 SCHOOL SCIENCE AND MATHEMATICS

dollar has fallen fifty per cent; the student enrollment hasincreased to 10,000, an increase of 100 per cent; it is impossibleto get teachers because of inadequate salaries; many lines ofresearch are being suspended; extension work, which carriesinformation direct to the people, has been diminished; classesare too large to teach properly, equipment is inadequate, andlaboratories and class rooms are insufficient in number.The people of Illinois are not so mentally constituted as to

see this condition of affairs prevail. The University of Illinois,although making a seemingly large request�$5,250,000 peryear for the next two years�is not asking as much as othersimilar institutions are getting; it is asking merely a conservativeestimate. It merely seeks to provide sufficient equipment tomake its work efficient; to increase its staff in proportion asenrollment has increased; to provide a margin of income for a

steady increase in teaching, research and administration; tobring the working equipment up to date; and to add necessarybuildings.

It may be the country will presently awake to the fact thatit can afford to spend for education a fraction of the gold wastedin waging war; that our capitalists, financial kings and captainsof industry, and our legislators will adopt a more generousattitude toward higher education and provide such facilitiesby state, national, and private appropriation that no youngman or woman will be denied an education. Our country needsto be awakened to the financial necessities of our teachers, our

schools, our colleges and universities.

DAILY OIL DEFICIT OF THREE-EIGHTHS MILLION BARRELS.In September of last year, as in August, the daily output of the United

States oil wells was slightly over one and one-fourth million barrels,but the daily consumption rose to one and five-eighths million barrels.This daily deficit of three-eighths of a million barrels was met by importsfrom Mexico.

In meeting the world’s need for oil the United States has played alarge part. In the last -60 years our contribution to the world’s outputof oil has been never less than 44 per cent (the figure during the briefperiod when Russia led), and earlier reached even 99 per cent, while ofthe total eight billion barrels, so far consumed by the world, five billionshave come from the wells of the United States.

There is urgent need of pioneering the world for oil to meet the needsof this generation, but there is no warrant for regarding this advance intonew fields as beginning a contest whose aim is world conquest. Thepresent need of the United States for oil from abroad can be met onlyby world-wide exploration, development, and operation by Americancompanies backed up by our government; and we should expect othernations that are embarrassed by a similar or even greater discrepancybetween consumption and production to adopt the same policy.

Recommended