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1968 constant dollars 25 percent American Petroleum Institute amount of excess annual application of improved Bureau of Mines capital expenditures capital needs capitalization ratio CHANGING INVESTMENT PATTERNS Chase group Chase Manhattan Bank chemical plants common and preferred cost crude-oil prices crude-oil products decline demand dry holes duction economic equity excess capacity excess production capacity Expenditure Flows expenditure patterns exploration Federal offshore lease following World gross refinery realization growth Higher product prices i i i i imports control program lease acquisition natural gas offshore lease purchases oil and crude-oil oil imports control oil shale operations percent of total period petroleum companies petroleum industry expenditures Petroleum Institute physical development preferred stocks price of crude processing and marketing production expenditures rate of return reduced residual fuel return on capital return on investment sharply Suez crisis supply total capitalization trends U.S. petroleum industry wholesale price wholesale price index