1064.    ---------------.  [FORTUNE.] Synthetics:  The Great Oil Reserve.  Vol. 37, No. 5, 1948, pp. 110-115, 153-154, 156, 158, 160, 162, 164, 166.

       Review of developments in setting up a synthetic fuel industry involving the utilization of our natural gas, coal, and shale resources.  The economic possibilities of such a program is discussed quite thoroughly.  It is concluded that the immediate creation of a huge synthetic fuel industry at enormous cost would disrupt our natural economy.  The best solution seems to be a combination of vigorous domestic exploration of our energy resources pointing toward a balanced national policy for making the most of them, a stockpiling of national oil products, and the creation of a more manageable synthetic program subsidized by the military, which could supply plans and improvements for quick expansion in an emergency.