The Economic Aspect of GeologyLeith, C. K. (Charles Kenneth)
Science
The Economic Aspect of Geology
Leith, C. K. (Charles Kenneth)
Geology, Economic
=Conservation of oil.= The rapid increase in demand for oil as compared
with discovery of new sources is leading naturally to a more intensive
study of the conservational aspects of the industry. This is a complex
and difficult subject which we shall not take up in detail, but we may
point out some of the phases of the problem which are receiving especial
attention.
[Illustration: FIG. 10. Chart showing the relative values of
the principal petroleum products manufactured in the United States from
1899 to 1914. After Gilbert and Pogue. Note the decreasing importance of
kerosene in sustaining the cost of refining, and the necessity of
exports for maintaining a balanced outlet of products. Data from Story
B. Ladd, Petroleum Refining. Census of Manufactures: 1914, Bureau of
Census, Washington, 1917, p. 10.]
About 50 per cent of the oil in the porous strata, of oil pools is
ordinarily not recovered, because it clings to the rock. Efforts are
being made along various lines to increase the percentage of
recovery,--as, for instance, in preventing infiltration of water to the
oil beds and in the use of artificial pressures and better pumping.
"Casing-head gasoline" is being recovered to an increasing extent from
the natural gas which was formerly allowed to dissipate in the air.
Minute division of the ownership of a pool, with consequent
multiplication of wells and unrestricted competition, tends to gross
over-production and highly wasteful methods. The more rapid exhaustion
of one well than the others may result in the flooding of the oil sands
by salt waters coming in from below. Various efforts have been made
toward a more systematic and coordinated development of oil fields.
In general, the organization and technique involved in the development
of an oil field are improving in the direction of extracting a greater
percentage of the total available oil.
Better methods of refining the oil, and the refining of a larger
percentage of the crude oil, make the oil more available for a greater
variety of purposes and therefore more valuable. Great advances have
been made along these lines, particularly in the application of the
"cracking" method for a greater recovery of the more valuable light oils
at the expense of the less valuable heavy oils. Similarly, modifications
of internal combustion engines will probably permit the use, in an
increasing number of cases, of products of lower volatility than
gasoline.
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