3684.     WHITMAN, W. G.  Liquid-Fuel Supplies and National Security.  Petrol. Processing, vol. 4, No. 11, 1949, pp. 1222-1232; Petrol. Refiner, vol. 28, No. 11, 1949, pp. 97-107.

        Paper presented at the annual American Petroleum Institute meeting, November 1949.  Five measures are put forward to ensure adequate liquid-fuel supplies for national security.  The 1^st is to foster the continuing existence of reserve capacity to produce crude oil in an emergency.  The 2d is to accumulate a reserve of refinery products by stockpiling, but not in such large volume as to offer exorbitant and unnecessary insurance premiums for short-range security.  The 3d suggestion is to import as much oil as can be accepted without serious prejudice to domestic exploratory activity.  The 4^th is to develop synthetic liquid fuels by private enterprise, assisted by basic Government research.  The 5^th is to develop refinery flexibility to permit higher yields of distilled products and to reduce the output of residual fuels.