Show T Coming Oil Shale Shak Industry 1 By Ira C. C Tichenor Tichenor- exist in Utah the greatest an and Of of the fact that there B richest deposits of oil shale in the world word n not only the oy owners er 1 of r oil shale lands ands and holders of government leases on such property prop prop- of the state in general should be interested interest d in inthe m in ty i-ty erty but the people conference as a a. sub sub- shale the perm permanent nent organization of the national oil oU dIary organization of the thet t American merican Mining congress during the recent i the latter l organization in Chicago j of the r national con convention t enton i Mines of State School i 3 Dr Victor C. C Alderson president of ot the Colorado fifty mining while approximately as chosen president of the conference conferences fity I States signed d as s me members ber of the of-the the permanent per per- er- er men en from al alt alj s sections of the United A anent manent organization U The most Important Important queston question discussed at al at the c conference nf V Was as to ho how howton hoW enable level to soon ton would the prices of well wel oil oi return to sufficiently high al ale oil 01 t to be pro produced profitably answered b by y John C. C Howard Howad of This question was s ar In Ina a positive way fat Lit Lake queston City president of th the Utah the Uta Oil Oi and Refining company who said 1 4 In the he first place I want It to tobe be be known that the petroleum inter interests ts oil industry shale the development of the 01 of ot the country countr will wi not oppose ot ani a 3 re refiner i er oil and I t know that hat nell neither r the the Standard Oil 01 company nV nor i the AmerIcan Petroleum institute will wl block lock the development of ot this as a soon as you ou demonstrate that you have a commercial proposition crude well oil must sell at from from to 00 a arel a I It I Is s my belief belet that wel oi sel arrel rel e b before fore shale oil o can an be be made made profitably TO Today y It sells sens for only only 15 3 I. I r o barrel But it is my belet belief and the anticipation of the e leading oilmen In the Who ho have talked led freely to me that the prices will be up to normal the the middle ml middle dle 1 pf 1921 That means t that at there will be n. n n market t for tor shale oil 01 ii The time to prepare for that market Is' Is immediately l t Ih t. t Tl 1 ro 1 can be no doubt as as claimed laI ed on numerous occasions In in inthIs this column n l that t the te shale shale industry of Utah Utah eventually would be one of ot the greatest in instate s state ate and that tha it would flourish for for many years ears after ater the underground supply of ot oil 01 in this country countr had become exhausted I Judging from Mr 11 Howards Howard's Howads declaration the development of ot the oil 01 shale f J. will proceed much e earlier than general generally had been e expected p and In Inlew I lew that the federal recognizes Us Its Is importance as I Ioven ew of of the he fact tact government oven by by- bythe the research work that it i Is conducting at various points point Including J t te e University of Utah It i promises to lo be developed in ina a rapid manner I |