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Show OIL & MINING JOURNAL Page 4 November 17, 1969 hm nnird(il Uqmi fun! mi eveileblo yfl, bi o o o million to aid in the search for When and if coal liquefaction liquid fuels but not on an new techniques to convert coal plants become a reality, to liquid fuels. economically competitive basis Herrington continued, such "We have been able C.G. to liquefy installations will be large and today, according to said coal continuous on a and vice basis," president Herrington, expensive. "For example," he director of Humble Oil Refining Herrington at the Billings sa id, "a plant to produce Co. symposium. He said Humble, 100,000 barrels a day of When coal liquefaction will through its research affiliate, synthetic crude oil might require be economical depends on such Esso Research Engineering Co., on the order of 20 million to 25 factors as technological has operated a pilot millions tons per year of coal. developments, outcome of the experimental program for the Mining investment for this current review of the U.S. oil past 2Vz years. "No means exist today for volume would approach $50 import control program, and facilities success of future oil exploration accomplishing this conversion at million, and conversion in the league of $350 efforts, Herrington said at the a cost low enough to displace would cost Montana Coal Symposium, other fuels from the market," million." Millings, Mont. Herrington said. "This situation Oil producers forecast that coal will change through the additions to U.S. crude-oi- l Utah, with ils vast of technological deposits, stands to profit greatly combination reserves will not keep pace with from the process when it breakthroughs and changing requirements during the 1970s, becomes economically feasible. economics as the finding and Herrington said. Some of the largest coal deposits developing of conventional Oil imports pose one of the in the nation are located in the sources of petroleum to meet state. The University of Utah has increasing demands for energy important questions concerning received grants of more than SI become more difficult," he said. the future of both conventional and synthetic crude oil sources, Herrington noted. Coal can be converted into owe ms INVESTQEOT ICUftlTY fey CHOOL homeowners may be denied new gas service after 1975 unless action is taken now to head off growing shortages. But no shortage was seen this winter and probably none for the winter of 1970-7The warning of impending gas shortages came from both Odd DA 1. 1000 South Main officials and spokesmen for the gas government including two former industry members of Congress. Assistant Interior Secretary Hollis M. Dole told a Senate 9.I1.3).1). examinations) Interior subcommittee chairmaned by Sen. Frank E. "A serious supply Moss, problem will be fully upon us by 1975 if current trends persist and immediate corrective action (plus evening Call Collect A. K. Woebler h: is not taken." Prospective new residential customers, Dole said, would be unable to get gas service and hm$ sln)0irf(Qg Coougjiross told- 1975, WASHINGTON Congress was told last week many STATE EXAMINATIONS KQcnDodo UNIVERSITY OF UTAH PROFESSORS, Dean George R. Hill, right, and Dr. David Bodily, assoc. professor of fuels engineering, check controls on generator which converts coal to liquid fuel. Process is still not commercial, but breakthrough nears. would have to turn to oil or electricity to heat their homes. California southern R-Cali- D-Te- f., x. The former ranking GOP member of the Senate Interior Commmittee, now in private law practice, called for amendment of a federal law which bars use merchant shops of foreign-bui- lt to carry goods between American ports; If it were not for the Jones Act, Kuchel said, Alaskan gas could be liquified and brought to Paciric Lighting's customrs in said. Following the first of the hearings, Sen. Moss expressed hopes that increases in the price of natural gas could be averted. Moss said FOR UTAH RESIDENTS ONLY 6,000,000 Shares (dGOgir(!!)lly WASHINGTON coal-burni- BESQlBlBgEg PRICE PER SHARE 10$ Copies of the Offering Circular may be obtained from the Underwriter. first main vtwmmms 249 East Fourth South Salt Lake City, Utah 521-68- ng Several power stations are perilously close to running out of fuel for generating electricity, the Federal Power Commission has revealed. Shortages of labor in the coal mines and of railroad cars have brought stockpiles at some power plants to within only a small fraction of the 60 to 90-da- y supply considered the hearings resulted from warnings from the Interior Department and the Federal Power Commission, "That our country is facing a serious shortage of natural gas supplies." This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities. The offering is made only by the offering Circular NEW ISSUE in supercooled tankers that would The Interior Department be "essentially floating thermos official's warning was backed in bottles." testimony from former Sen. Dole told the committee that and' Alaskan gas was only one Thomas H. Kuchel, former Rep. Walter E. Rogers, alternative and that the Jones both now representing Act and other problems put gas the gas industry. deliveries from Alaska "some Kuchel, speaking for the time away." Pacific Lighting System, urged "It seems unlikely that any Congress to look to Alaska for such projects will be in natural gas to meet growing much before 1980," demand in the 'lower 48" operation the Interior Department official states. lou' mentioned in a report submitted to the joint Congressional Committee on Atomic Energy. The committee is looking into the effects of electric utility operation on the environment. About 6Q per cent of the steam-generate- d electricity produced in this country comes from coal-fire- d plants, and the electric power industry consumes half the coal desirable. One plant had only 22 days stock of coal in its yard when the FPC survey was made. produced. The report pointed out that rising demands for electricity The shortages in many parts of the East and Midwest were disruptions of service in recent 00 caused moderate to months. severe |