The Naval Petroleum Reserves and Their Relevancy in the Decade 1975-1985. (Are the 'Other' Naval Reserves Necessary).
ARMY WAR COLL CARLISLE BARRACKS PA
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In 1912 President Taft established two Naval Petroleum Reserves ...to reserve certain fuel oil deposits for the use of the American Navy. A third was established by President Wilson in 1915, and a fourth was added by President Harding in 1923. Naval Oil Shale Reserves 1 and 2 were designated in 1916 and No. 3, in 1924. For the most part, these land set-asides are in a standby status Reserves Nos. 1, 3 and 4, about exhausted Reserve no. 2, or undeveloped Naval Shale Oil Reserves Nos. 1, 2 and 3. The report examines the present domestic available-energy deficiency and concludes that petroleum is the only energy source that can be stretched sufficiently to cover the widening gap in supply and demand. Since crude oil imports must fill this gap, at least for the next decade, the economics and strategic aspects of this dependence are discussed. Modified author abstract
- Economics and Cost Analysis