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Show SHALE OIL INDUSTRY HAS BRIGHT FUTURE Scotch Company Report Shows an Excellent Profit Made During 1918. Possibilities of Deposits in Uintah Basin Said to Be Tremendous. Sratisnes and facts -which prove that r.e inverter has not yet awakened to '.he tremendous possibilities of the z-haie industry are coutaiued in the .uar;eri" of the Colorado School of Mines. For some tiruo research -work to determine the future of the shale industry has been carried on at this s.hool. Survcvs of the available shale 'ends have been made, and experiments ui ihaie reduction have been extensively exten-sively carried on. "The principal drawback to the de-M'iepment. de-M'iepment. of oil from shales in the I'uiied States is the fact that a large j investment is advisable, though per-r::;s per-r::;s not always necessary in developing develop-ing shale oil plants, and there is considerable con-siderable inertia to embarking in a new liuc of industry -with which no cue is famitfa-," sa-s Dr. David T. Day of n United tt-'-tes Bureau of Mines in .e Petroleum Are. "Now the time has come when " the stimulus of in erea.-ed r-ices does not bring suf-reiont suf-reiont nddiiioual crude oil. Mr. A. p. Bedford has shown that we need 33'J,- b;,re's of oil in the United states, and we are setting 300.000.00i.'. K'.'cn now SO. 000. 000 must come from somewhere else. Further, we all know tc-it we must have more production, acd if we must have it, -we will have it. and -we will have it from shales and very soon.'' A shortage ot crude cU is toreseen b-- Walter Clark, president of the Standard Stan-dard Oil eompanv of ew- Jersey. By statistics he shows, thougli the yield of wells in eleven months' of 1917 iv3s uirr.ost euual to the total yieid of wells Uurirs tbe year of 1016," that this in-'reaped in-'reaped rroductiou was not sufficient, for 1 C'l'.OO1 barrels were taken from :'.ock to meet the increased demand, 'i nsumvTiou of crude oil. by the Pacific coaft refineries has been ex-'-:?iin; croiuotion at the rate of about 1. 000.0?- b?rrels a month during the ist vear 1 9 1 1 . In twenty months California stocks of oil in storage and above eround have been depleted by . ver CSa-X'.OOO- barrels, says Mr. Clark. Shale Industry Not Hazardous. "The shortage of crude oil will not i be the oily factor which wiil give the -boie industrv a great impetus. Con-a'.ive Con-a'.ive investors', when the possibilities possibili-ties of the icdu.-try are realiied, s:t'port its development more readilv 'ban that of other industries." says J. V: Jeiison of this city, who for year; Vas be3:! experiment :d with shale. "Unlike tue mining industry or tbe or weii, the shale oil industry is not n n e of sreeuiation or hazard. but t urc'y one of manufacturing. The risk s eliminated when an experienced engineer en-gineer has sampled and measured the 'hale- lede and a commercial run or tost bv a" practical, modern and selenitic selen-itic process has been completed. This kiboiator-' test should not be made iron a few rounds by an untried tV'tbod. At least C'X'O pounds or more or such averarje shale as will truly r-'rrieut t lie entire ledge to opr-.'. opr-.'. -d on should be tested. YT'hen t'us ! b is been done and j. profit is 'shown. : he iu'.-'s'-tnnt is tiien safer than li-ji''-- tie! up in a field of wheat or! v herd of sheep. The wheat may be j 'rilie i by d-ue'ht or the sheep may e-.ip -j winter, hut the shaie stan-.s ; r.nir.st a'l haiards as an indestrue-t indestrue-t -'r:e asset, to be E.-ienririi!lv wo-ked , t. ra;ddi" or as leisured'.' as ts -.-cers :.:ay u--!re." " I Scotch Company Makes Profits. I A!r;.C":b the deposits of shaie in I r . :lnd do uot eumrare in aiue or i " ith the depe it; of Wyoming. 1 ":):. tiolorado and Nevada, eomtaniea j .r.ir.z in ri.;otIau,J pay excellent j - ideed . The Pur.ir hprsron Oi! com- r:,'i;-, Ltd.. a---ordirg to tbe Sbaie T.'e-, vi--.. of Iiecv-r, m it- riport f,f the I '.-a':r zin.' d.re-'torc t0 the stoekho!d"rs ' a' the thiitv-i'ifth annua! m'-eMir t,r j i e yer.r OD linL' April 101. shows i 1 a' -,:i a c.-'.rital of sdi'htly mure than I - --stfM'i.hoi.i.'rs rr'-pied in' "'"--s of 'j .1-'1., "i -During the j erio-i ' rw'-.'l h: was cbers;. oil for depre-j -u the '-in or ir'O'''. Thre was : " i 'he ered-it of th surplus, a,'-, 'r.e -uni of .i".J'i, and s-d a-ii- r',,r piant imf-rovem'-nt the sum j 7 I1.1, '." ' ' '. The lto-s profit for the ',-.'. ;if'-r a!io-.in for war and in-, in-, "o tar.e'. is approximately :',ni,iu, f,- r:'-;tr.;.- .' 1 p, r eel:' on th'1 eapitai of -: etiy ni'ire than : "l-I.U Magnitude of Shale Industry. "TV1- T'lp,.-! -.r, in in i o.otoJo ar'i I'ri:i ' :-.-----r hi f ; r r i ; f-i-'-.; r r, j '. ' -. ' oi! r:. ''ts i r- ' . i - -. s.-j- ) r,r. I-,: ,-l T. .'... - : ' ''! .--at.--:; t-jrai ,,f nmifn in ' - ..'.a-,,r!-- ..r r r. I t'",r'f) ,- :oo; o' :- " "-1 '' ai'.s , f Co 'jra.Jo a;i'J ! ' ,- j - V ad,.. "' '' ? --.v. t -i. conf.:d" ;n' re-'--, '- . . ..'. - .'1 ra i ' -.-,er tiMri I t S-r-r," -- is 'j ;u-r, ,-i'.,!-ii,:c nli hi t' r, ',..n : !..- r-.-.-i Kin- we x:. ' - a ,'. t -' ' ri'-i in t - ( ni i "J s t., i - '.',,.-- r.f t;',n ? t:,i'. f.i:-T.f fj. t ' i r- -r f .-i',! r t -nri to. -' ',i: ),', '. ar:d ;t (' o i '.r p,;,tr; pjtl, ' r . : t ' 'i :to- u:.t i rn.j T s fl.-- n ' I t.tV'.''-i'H ( - .!11 ir-!.;: t , I f r ; ' .- "i h- am l-T.-fro-n i .' ' : ; - r n- r of r-r,!r,-;ir, nrt !rn.:y-.t .' fi l - r -.'t "' t:i'- ' ;ra.l ,:: I ' - !'. '- It. v.. : AW'T- I -i -"I '.f I I -r,-..r.,rl,, - ; ,, , f i ' : ': :!:- t ::, r-,rl, v i., p-ade en the Fa ra '-.".to i,k .iistri'-t. the, fo'-ow inr s'.at-'ft Is nta.ie. -T'-' c..,,rt was not r'ade a" rarcor". but i-'the' result of eire'ul fu-ve 5 ami; ;.ears o: l- -..r- and tc.-ts maUc ir. unit. I 0 ..r.pT"er"iai ?ire j ! -T'ee Paraeiiut. i:e:n,-t rr-rn3 a-it 3". .-,'. aer,. Tiier., are s!rv-r1-re rv.,es o'' perpendicular oil Miale e'.iffx on Para- j chute ,rieo its tl'.r-.-e forks and so-. erJ tributar.es on all of w:.; .--i ri ' r-ia.-.-ive -a',e is exvo-'-d T'e a ea;o is e.-'i- n-ated on an tltcnsion of t rr-ala M.-' ; from t'.ic fo-e of t!-e a d'.5tne o' o-,;-- ore nrd a ,-Miarter n,ia-s. Parachute j ;,rd ir? tr.V.iUi-,os o'fer an -:n- ( of v.i'er r.,r rd-r t:on ai d rofiiung Depit Described. ( "' h. on th fa--f of t, e.-f $::'- t r:;ir rr'.-- of r: -o-kJ;-: ! -:iff :? ;i ron- j i-joui r'.i-h ?mMn of rw'v f. -n-r. ivivive to t fc' in ri-fkr.--. tH a' i' f 'e t bu lc '-n j 'i'fr-n i lyy.-ri - O' a 1 1 ! .O'' " 'Jf ' i fi'p ..i " , 1 'm iicf--f. ".-is .) o'lj .lratH i.Lvf an.) r.?''v.v r. ; evrra. '.-.ir-jr) :' . in t'.r k- ( KA'. of Oi- tO l'- tr.-i n' f':..i, ' ritv ni.ern'ior? m.I pr torf.nci to t ? ri' h ftratiT, v...!;,-' o-'-urft in a i ;ev r-.daptr-i fo -T!Mji-. K-a! r: - r:t ' '.--n 'In (r'iira'.'.r.z Ui lonna-r. in t f "j.-i fi-V arfr. t' e riA:i Ptrrft-jm in f!c;rcl t j f rr.5::;'n.i::i t: ! o' t" --i. I Tris jrtv?a a r-r r-r-rf of l.'fi: 0 ; orii aif'r dJ'Jftlnc 'Ji Pf,i' r.t for pi'- Urn or ro :k s'jpr,f'r;s. In r: i-na'inn a-noiint in hurrr'n of rft:If o'.l tr.nf t'm.v ; tnrnarf v ill -iH. I allow hj a l!v.".V, j f.-rirrr t-'- p-' r rit K-r : in r-trrt. tl..n. J arid t'-.f-n for Cd.-- fi-jr;rht. I rr,)-,:. e Hi fil l frf''T tvJ Tr.il'.r fho c?ri;:0tp or'- , Xr.' rr1'. or hrty-two s-;i'!nrm p t r t"n nf i', .-'TirJ rr-'-h i ?.."""'. nnO h:.rr-;i' of J"! in tvl-, r-foof. ttratuni' f.,r ti.'j " a.-rr s." j Profits Estimated. T'rr- (V,o-vl;.s p f ; ni -i' i of p r ' i s , a-.l on t' " far.-minn-'AV.f rro- ,,-, r np n.a': u:;r''T o'rf'o "f l"'k'n;,try lt. r': i ;ro6i a;-:- of ra:: 'n j of oil f-! tm:it"J I 1 tnrr;, C callous: :ipi- ' 1 Mior.rjnt ' r-rf,al. I '. 1." . ,-jr ;. . pr'--' r, t T'ruar' ; . r-'.v pri' ' ... .5 .'.: i 1 ! "lir':'. at I n.r.nt pri-v. ... I L';iTi' ! :i 'lo;: h f ! 1'""- i i,r f enf pr:'--'" " ' U-rt;r. af To I alir-i- j r-.T-n v nr. 1-i JhT. f , !,r.-;f,-,- rliit ai.owj i:;0 , Y:i.T : h-i i 1 . j i i ro- r- rn p' r ton . . . J 7 . '" j ,-' ' 'i, a' -1 t')nr;;tKo or 1'ar- r'-i- l,0!:..",'''O,r'OO ri't'-rn i" r ton or lrf!. . 7."i ;?. aiuc of ftor. :,i-rm E 7 , " '- V , ; or.( w o . 'V' ' I'V.-t f I'-i'.ii i; , rr.Pj.-M ui icfni'i a ni:i. i,n mi O.iX-O.O'V'. fin at t.to pMit .Vl'..7..."f,''"0 . 'i'- |