Show SHALE DEPOSITS IN UTAH LARGE prediction was made recently by J 11 II jenson shale oil engineer before the mining of the tile commercial club and guests that a few years the tile 1 of the west will move the tile world mr jenson based ble his Vre prediction diction upon tho cacti fact that the world had riA riched hed iha ha I 1 of development when large quantities of oil uro are un an absolute necessity ces sity and that the nation which has un nil inexhaustible supply of potro petro lourn 1 product products particularly motor fuel and lubricants will influence and largely lir goly control the future industries dus tries of the world to illustrate the importance of oil in industry mr air jenson pointed out that for twenty years steel wae was our greatest commodity yet today industry would come to a standstill without petroleum products thie this rapid growth of the tho import unco ances of oil to industry ho he explained wan was largely because of necessity as well as the result of the tile economy of the tile use of petroleum oils As a comparison in operating colds of coal and oll oil fired ships mr mir jenson said the hawaiian american steamer arizon Arl zoni t balling sailing from philadelphia through the strait of magellan to hawaii and back fired with coal and make the trip in days with oil days saving saying twenty live days eighteen days by increased speed and seven days through gli quicker bunkering hunkering the number of men in fire fi hold was reduced from seventy to ton cost of boarding crew other expenses disbursements of fuel at it fueling points was wall 1000 loss less and gained from greater aarao ca ago space phing ilian H steins changed in the face of these great savings between coal and oil fired ships the united states shipping board and also 1 the british shipping board are making their new merchant fleets oll burners mr jonson jenson said by the end of 1922 we shall have changed 1734 coil burning vessels to oil burning vessels one of our grei greatest test requirements of both motor fuel and lubricants Is that for or our automobiles which within the last ten years have increased more that 1498 per cent we had in 1911 automobiles at the end of 1921 there wore ore registered requiring an average of dinote than ten ton barrels of 11 annually per car in addition to these there are at least trucks and many thousand tractors using not less than 5 gallons or 69 0 barrels of gasoline per year it Is 1 estimated that there will be more than of those these in 1923 As the efficiency of the gas engine engino Jn increased creased mr ift jenson pointed out that the demand for oil would increase out of all proportion to the reserves of underground petroleum through recent development of the diesel engine its efficiency has been increased to four times that of a coal fired steam engine and two and a half halt times that of the latest type triple expansion type oil to supplant steam ohp th united states navy is pre pro to tb use oil driven ships entirely itras tt has reserved for it fou townships 0 in the vintah basin of t the h e choicest shale in ahe he entire district and is even now consIC considering 16 ring seriously the installation of plants for the treatment of this shale the con by the navy alone hach ia orea great 6 of tt oil fuel will wilt be indrea increased sed many fold thereby drawing baa heavily vily on our new production according to a very car ful vs made by the ur tey supported by a krimber of our most eminent petroleum geologist wo we have remaining underground 0 ily 1 barrels of crude pot pet rolo uni having already extricated 54 barrels ad cuming that wo we shall noun soon bo be drawing on oil those these stores at the tile rate of an all of at leant least barr fa iu pur per year this will last not to exceed fifteen years in III order to emphasize ompha elio tile bromen tromen doue dous potentiality of western ili aloa mr mir jenson cited tho the following statistics in regard to shale deposits in panh alono alone tho the estimated area of deposit deposits awaiting exploitation at soldier summit mit ie Is placed at acres of chalo with a potentiality of barrels of ull oil uintah basin ind watson bon 12 acres barrels white river acrea barrel barrels naval acres barrel total barrel barrels this last total ie Is nearly fito five tho the agregado og ag rogato regato production of all tho the oil wells of the united states since petroleum was first struck tho the not value of this tremendous botill mr bir jonson jenson places at in addition to this aum sum as air tho the industry develops dov the products byproducts by will doubtless take on a largo large value made an interesting comparison regarding the relative productivity of ull oil shale deposits was drawn by mr jenson jonson according to the united states geological survey oil land produces on the average of to barrels while shale deposits will produce said mr bir jenson at least ten ton times as much and in some cases fifty times as much largo large oil producing companies dw alth th pense which is required to maintain production by drilling mr mir jonson jenson recently J V connol president of the ohio oil company Lom lo 10 pany in speaking to the american petroleum institute in chicago said ld in the rocky mountain region structures have been tested at a cost of on forty one of which oil or gas has been die representing an expenditure of while unsuccessful ventures entailed a loss of these structures were all located by geologists the present dally daily gross production of the united states li Is approximately barrels and by reason of raising this oil there Is Is a drainage per year of acrea acres so that there thero must bo be acquired and operated during the year 1822 1922 a like amount of productive acreage to maintain present production the cost of acquiring including royalty drilling lifting and wildcatting will represent a total outlay or 9 48 quick action urged in closing the discussion which was closely followed by the largo large number present mr jenson urged local business men to become interested in the develop development of the industry so that all of the revenues derived from the exploitation of utah deposits shall not go outside the state shale development incurs neither the hazards of mining nor of drilling tor for oil he explained inasmuch as the ledges may mav bo be measured 1 their tonnage figured potentiality i accurately estimated a aile reduction Is an industry and nut not a gamble As shale resources do not deteriorate investment in the shale industry is safer than depositing money in the bank he declared mr jenson stated that large syndicates of foreign business businessmen men are buying up colorado utah and other deposits slowly and quietly A As r a result if it utah men do not net at once when shale interest aches its ita height beight it will nill bo be found that the ol 01 oil resources of the country will belong to outside and foreign capitalists five plants are operating on a commercial scale in the united dhatt a at present mr ir jenson predicted that it would be but a combar hort short timo before the reduction ot of be a commercial cess in thie country juet just as no it hae has been in scotland for vor over clity years tribune |