If you have any oil stock, you'd better get rid of it within the next 25 years according to Professor Kirtley F. Mather. Because sometime between 1959 and 1974 the natural oil supply of the United State will be gone.
Oil shale yields from 40 to 50 gallons' of oil per ton, but it is not being used much at present, but when gasoline gets up to 30 cents a gallon, there is going to be plenty of competition.
There is another danger, for the home owner who is using anthracite coal. The anthracite supply is due to go in 75 years, and then we will fall back on bituminous coal. According to Professor Mather, the proper way to use soft coal is to burn it at the mines and use the heat to generate electricity. Then the supply of soft coal will last 3000 years, and after that, who cares?
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