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Show NON-CIRCULATIN- - '4 ' M : j i : I ; ; G Wattora AjMltOM 7 Bulk Rate S7liC-!('. IJ. S. Postage Z PAID &SV:. UKi' Salt Lake City, Utah Permit No. 2091 o." irAfi mtmi'ARlcS '171970 seials order DEe Ju,y 14 1969 Vol. 1 No. 20 25c per copy Oil recovered from shale by technique in-sit- u it to convert its organic matter into oil, which is recovered through wells. In the Bureaus experiment, the heat comes from combustion of some of the organic material. Combustion, begun with a propane burner lowered into a well, has been for several weeks. LARAMIE, Wyo.Oil has been successfuly recovered from oil shale without mining it in a pioneering experiment being conducted by the Interior Departments Bureau of Mines in Sweetwater County, Wyo. Initial results of the experiment, which was begun in 1967, are described in a new self-sustaini- technical publication- just OIL SHALE is a - non-poro- stone containing an organic substance, kerogen, that turns into oil when heated to about released by the Department. u The technique, called involves fracturing retorting, shale underground, then heating in-sit- 900 degrees Fahrenheit. Lloyd backs oil quotas WASIIINGTON-Retenti- on the present quotas on of oil imports was called for last week by Rep. Sherman P. Lloyd, to augment the R-Ut- national know, the oil shale deposits in Utah, Wyoming and Colorado are estimated to contain as much as three trillion barrels of oil. . I feel it would be in the highest national interest if these shale reserves were developed, security and to encourage the development of both from the standpoint of oil shale reserves in Utah. Lloyds statement was made ' preventing a dependence on in a letter to Secretary of Labor foreign oil that would not be George P. Schultz, who is ayailable during .time of chairman of the Presidents task emergency, and from the force on oil import control. standpoint of meeting our As Rep. Lloyd wrote, you domestic needs. OTC group names executive secretary Sonja McCormick, a leasing agent for oil, gas and mineral lands, has been named executive secretary for the Intermountain Association of Over- - the- - Counter according to association president Paul Davis. who Mrs. McCormick, maintains offices at 917 Kearns Bldg., Salt Lake City, "Utah, has been involved in the oil Broker-Dealer- s, and gas leasing business for 13 years. The purpose of the OTC Association is to pool efforts and resources to more fully conform to Securities and Exchange Commission rulings, Mrs. McCormick said. Brokers have been so tied up in trading stock they dont have time to fully research corporations and keep informed, she said. She said one of her most important jobs will be to perform the research and surveys needed to mainand actain an curate file on corporations whose stocks are trading on the Intermountain OTC market. Forms designed to provide the information requested by the SEC have been prepared and are being sent to Intermountain corporations, Mrs. McCormick said. The Voluntary General Corporate Information forms have been approved by the National Association of Stock Dealers, she said. Several corporations have already returned the forms. -- up-to-da- te Mining on the moon suits. Breathing oxygen, pressurization, and temperature control are provided by backpacks. Apollo 1 1 is the first Lunar Module Pilot Edwin E. Aldrin (left) Apollo 11 and Spacecraft Commander Neil Armstrong (light) prac- U. S. space mission designed to land two astronauts on the moon and return them safely tice lunar surface activities at the Manned Spacecraft Center, Houston, Tex. Aldrin is to earth. (NASA photo) U.S. mineral policy gains support of industry chiefs WASIIINGTON-Unle- ss the U.S. greatly accelerates its exploration program our nation will face a mineral crisis in the not too distant mining, mineral and metallurgical research to promote the wise and efficient use of our mineral resources, the Utah senator concluded. future. During last Wednesdays This warning was voiced last testimony, chaired by Sen. western week by Sen. Wallace F. Frank E. Moss, on the eve of senators and industry spokesmen Bennett, Senate hearings oh legislation to produced arguments for a establish a national mineral national mineral policy. In his opening of the hearings policy. Sen. Bennett Wednesday Sen. Mo 88 said: The Secretary testified thafthe establishment of the Interior would be called of such a policy would upon to carry out this policy encourage three important and such programs as may be programs for the mining authorized by other laws. For this reason, Hie secretary would industry: One-T- he government would be required to include in his assist in the development of an annual report to Congress, a economically sound and report on the state of domestic mineral D-Uta- R-Uta- h, h, efficient mining and mineral industry; "Two-- It would provide for the orderly development of domestic mineral resources and reserves necessary to insure satisfaction of industrial and security needs. Three-- It would provide for and mineral industries-includi- ng a statement of the trends in neutralization mines, mining and depletion' of these resources. Principal witnesses during the daylong hearing were a panel from the American Mining Congress: Andrew Fletcher, honorary chairman of St. Joseph Lead Co., James Boyd, president of Copper Range Co. and former director of the Bureau of Mines; David Swan, vice president for technology of Kennecott Copper Corp.; Charles F. Barber, president of American Smelting and Refining Co.; Lanesay P. Johnson, president of New Jersey Zinc Co.; Fred W. Peel, chairman of the American Mining Congress Tax Committee, and D. J. Donahue, Inc. president of Methyl-Clima- x believe I it is clear that the United States mining industry must be able to operate effectively in future national competition if it is to respond adequately to this nations enormous future requirement for metals and minerals, said Mr. Donahue. Mr. Barber said, A national minerals policy should insure that public lands-wi- th very limited exception-rema- in open to exploration for minerals and (Continued on Page 3) |