This Week in Petroleum History, January 19 – 25
January 19, 1922 – USGS predicts Oil Shortage, Again –
The U.S. Geological Survey predicted America’s oil supplies would run out in 20 years. It was not the first nor last false alarm. Warnings of shortages were made for most of the 20th century, according to A Case History of Oil-Shortage Scares, a 1950 report that documented six claims prior to that year alone. (more…)
