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The AAPG/Datapages Combined Publications Database

AAPG Bulletin

Abstract


Volume: 34 (1950)

Issue: 12. (December)

First Page: 2380

Last Page: 2380

Title: Is Petroleum Geology Geared for War?: ABSTRACT

Author(s): Previous HitFrankNext Hit A. Previous HitMorganTop

Article Type: Meeting abstract

Abstract:

Petroleum geology has grown up. The record speaks for itself. In the United States crude-oil reserves have been discovered and are being discovered in excess of withdrawals, permitting an efficient producing rate which is comfortably above present and immediately foreseeable demands.

With a peace-time domestic production and concurrent demand exceeding 2 billion barrels of crude petroleum in a single year, the responsibility of petroleum geology as an integral part of the oil industry is greater than ever before.

There can be little doubt that there are sufficient undiscovered reserves of oil stored in the vast sedimentary basins within the United States to supply the demands of our way of life for generations. The oil industry alone can locate and develop these reserves at an efficient rate if the fine balance of organization, economics, and science required for such an operation is not undermined by thoughtless interference from various departments of government.

In addition to the immediate fruits of discovery, the over-all exploration effort constitutes, in effect, a long-term research program with the power to shape the future in oil productive capacity. Private competitive enterprise with its assured continuity of effort provides the best base for this type of research. In this environment the science of petroleum geology will continue to do the job to meet the demands of peace or war.

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Copyright 1997 American Association of Petroleum Geologists