Show Oil From Shale At Per Barrel Possible The future production or of oil from oil il at costs as low lowas lowas as 9 29 tent cents a barren may be feasible Irvin Nelsen oU oU- oU consultant from Glenwood Springs s Colorado reported re- re recently Mr in n a taU talk entitled Economics of Oil Shale given ln i before tile the Annual Meeting of the Ule Rocky Mountain Section of can Association of Petroleum Geologists ts in Denver quoted M A Lekas of the Atomic Energy f alon The 29 cents 11 a barrell cost may be achieved ld by the use u c or of nuclear blasts to create permeable un underground retorting chambers The ARC hopIs hopes to detonate te ll such II a test ul r sen said MOST SHALE OIL lion tion cost estimates are arc between and per barrel l of crude cr oil produced from oil shale deposits in Eastern Utah and Northwestern Colorado C T is compares compare blY with conventionally produced ed oil Two companies have not T re- re released leased cost figures s but Union Oil Company claims a 2 cent depletion Is ne- ne necessary oil shale be before ran can developed comm commercially O Otiler er companies and organizations have or r are considering shale research projects but none bas has published firm shale oil cost es- es Mr reported Ibe 1 be recent discoverIes of val al sodium minerals commin with shale oil in northwest ern Colorado may change sig the economics of pro pro- production production Mr added Mr concluded his bis talk by pointing out that the problems confronting this un un- unborn born industry are many and that the decision to 10 start the industry cannot be made antil the optimum combination of land resources technology market legal status and political cal al and governmental support and other related factors tan can be defined and stably achieved |