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Show 120 Pitfalls Imagine being a skilled trades- man who knew where a promis- ing career opportunity existed, T but having to go through 120 i interviews to get the job. " ' And. while you go through j those unending interviews, your prospective boss is hiring foreicn 1 tradesmen for the same job and not asking them to go through even one interview. That's a situation U.S. oil companies face every day. Standard Oil Company (Indiana) (Indi-ana) and a partner had to secure 120 permits and approvals to set up a pilot oil shale plant in Colorado. Col-orado. Before commercial output out-put of 76.0Q0 barrels per day can begin, Standard will have to go through the entire permit process again. Standard Chairman John E. Swearingen said, "right now we have $100 million and nearly six years invested in our pilot oil shale plant. We're willing to spend hundreds of millions of dollars more to make this plant a commercial reality. "But when regulation gets to the point where it obscures the original purpose-developing new :' American energy-then it's time to put things back in perspective." - |