Publisher's Synopsis
Excerpt from Petroleum Investigation; Hearing Before a Subcommittee of the Committee on Interstate and Foreign Commerce, House of Representatives, Seventy-Sixth Congress on H. Res. 290 and H. R. 7372: To Promote the Conservation of Petroleum; To Provide for Cooperation With the States in Preventing the Waste of Petroleum; To Create an Office of Petroleum Conservation; To Amend the Act of February 22, 1935, as Amended, and for Other Purposes
Pursuant to the authority vested in the subcommittee, a report of its deliberas tions, findings, and recommendations is submitted herewith.
The subcommittee recognized that a thorough investigation of the petroleum industry should include not only consideration of the specific inquiries set forth in the foregoing resolution, but others definitely related thereto. Consequently, a study was made of the technical side of the problem - i. E., how the reserves of petroleum under the ground could be determined; where those resources were and to what extent the quantity thereof could be accurately measured; the method of bringing this valuable natural resource to the surface; what happened to it thereafter; its movement through refining processes and all methods of transportation, ultimately reaching the great consuming public and making its contribution into practically every activity known to this age.
To give some idea of the many phases, technical and otherwise, of petroleum and its products, to which the subcommittee directed its attention, the following summary of the major subjects covered is given.
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