Show OIL SHALE INDUSTRY TO FRONT that interest in the oil shale deposits of utah and colorado is growing apace and that we shall in the near future witness the launching of enterprises of necessary magnitude and stability to insure the commercial utilization of these practically unlimited resources is becoming more and more apparent colorado evidently is exerting greater energy than is utah in the mat ter of raising capital for forthe the development of the oil shale deposits though utah is credited with being just as rich in these latent resources as is the sister state if reports are to be credited the oil fields of texas and california and most likely other oil producing states as well have gone over the top in productive ability and that alleged fact coupled with the constantly increasing demand for fuel oils gasoline etc is declared to be the chief reason for hurrying along the schemes for equipping the oil shale fields with the necessary treatment works to make them commercially merci ally productive recently in discussing this subject the mining and financial record of denver colorado indicates what is coming from that direction as follows dr V C alderson president of the colorado school of mines who is now on his way to england and scotland to investigate oil shale conditions there asserts that crude oil can be produced from shale under present costs at per barrel in colorado and utah crude oil in wyoming the nearest big field to colorado and utah oil supplies is selling at a barrel in the pennsylvania fields where there is greater competition the same grade of oil now selling in wyoming at a barrel is quoted at a barrel ft dr alderson says the oil shale industry in its relation to the oil business is similar to the position of the porphyry coppers to the copper industry in colorado and utah there are square miles of oil shale fields capable of a yield of one barrel of oil to one ton of shale these great mountains of shale will produce a practically unlimited supply of oil he points out that the scottish oil shale industry has been profitable for a long period of years and its record should be improved by the shale oil industry in the united states especially in colorado and utah because of the greater richness of the shale strata and the more easily workable surface location there is no doubt but that a great amount of new work will be done in the oil shale districts of colorado utah and wyoming during the next few months and the future of the industry appears to be very bright 0 |