Show Bennett Sponsors Bill To Give Oil Shale Jurisdiction To Navy Now Senator Wallace F. F Bennett Dennett Utah R-Utah Monday Joined Senator Senator Senator Sen Sen- ator Gordon Allott R fl in sponsoring a bill to give the Navy authority to proceed with development ol of the nations nation's oil shale reserves The reserves are located mostly mostly mostly most most- ly in Ut Utah h Colorado and Wyom Wyom- ing At present the status of the reserves held by the Navy is clouded by legal uncertainties Senator Bennett said The experimental experimental experimental ex ex- ex- ex oil shale extra extraction tion plant near Rifle Colorado is owned by the Department of the Interior but has not been able to carry on oh a substantial research research re reo re- re search program because funds have been blocked he explained The leasing of owned Navy-owned shale 1 to private private- groups for research research research re re- re- re search also has been blocked because of lack of specific auth auth- I Senator Bennett said that the oil shale in Utah Colorado and Wyoming contains an estimated VA 16 trillion barrels of 1 hi isa equivalent of crude oil In the estimate of ultimate ultimate ul ultimate reserves from other range from billion o 0 00 billion barrels I The Utah senator said that development of a n method of extracting extracting extracting ex ex- this oil at a competitive cost Would be a n major contribution contribution contri contri- to the economy and the security of the United States The program for development of this this' priceless resource now seems to be on dead center and passage of this bill appears to tobe tobe tobe be the only way to get it moving moving ing Senator Bennett said Preliminary Preliminary Pre research has given o tI great promise for the future development development de de- de of this industry and we must see that the necessary additional research is made pos pos- sible |