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Show Stewart Ashton named to Mountain Fuel Supply board Stewart L. Ashton, president of Ashton Brothers Company, was named a new director of Mountain Fuel Supply Company at its annual stockholder's meeting in Salt Lake City Tuesday of last week. Ashton is also a director of Wexpro Company, a subsidiary of Mountain Fuel Supply. Robert H. Bischoff, president and chief operating officer of Commerical Security Bank, was also named a new director. The two businessmen replace John W. Hay, Jr. and Joseph S. Jones. B.Z. Kastler, chairman of the board, told Mountain Fuel shareholders the American people should not be lulled into in-to complacency about the current oil glut-a glut that could "disappear in a moment" if the Saudis cut back their production. Kastler said that instead of cutting back on energy development because of the so-called glut, "our needs and requirements re-quirements are as great or greater than ever before. Our energy companies are poised and ready -most need only protection pro-tection against the political risks to go forward with projects we badly if not desperately need." As an example, Mr. Kastler said . sent conditions do not favor the practical gasification and liquificaK of coal or the conversion of oil and tar sands into liquid and gasl? fuels. "Nations such as South Air" have nearly reached energy " dependence with this option along "" He said, "The American energy i-dustry i-dustry never failed us in the past found almost all the free world's a-plies a-plies of oil and gas and is now hi . sought after to provide the technob to find undeveloped supplies in Communist world." ' Kastler called for a restoration olt climate where that technical knout "can be channeled into the import task of domestic energy Sf sufficiency." |
