Show Vernal Geologist Sees Year Year Shale Supply Increased reliance on utah water resources and oil shale for power requirements was forecast recently in Salt Lake City LakeI I A year supply of petrol eum for the Uintah States Is locked in the nations nation's oil shale said Robert E Covington geo geo- geo geologist logist and partner in Caldwell and Covington Vernal petrol petrol- petroleum eum consultants Mr Covington was one of sev sev- several eral speakers who address address- addressed ed the annual meeting of the Colorado River Basin Con Can Consumers sumers Power Inc and Inter Inter- Intermountain mountain Consumer Power As As- Association By 2000 AD some three mil mul- mullion lion barrels of oil all a day will be produced from rom shale he said This would equal ten per percent percent cent of the total energy require require- requirements ments of the country Although the oil shale Indus Indus- Industry try Is basically a range long plan The Oil Shale Corporation TOSCO Denver hopes to produce petroleum from Crom oil shale by 1970 Covington said the I Colorado firm anticipates cap cap- capital ital expenditure of million dollars to bankroll a pro pro- project producing barrels a calendar day HE SAID some scholars op pose TOSCO's viewpoint saying I it Is unlikely such an operation will be economically feasible without government subsidy The Vernal geologist said con con- conventional mining methods will probably be used to lo extract cil ca shale reth r r than strip mining To make ton Ion economical oil shale must he be at least 15 feet thid and produce 25 gallons of oil for each ton of rock It is ed that billion barrels of oil oilcan oilcan can be produced from in utah Col Colorado rado and Wyoming he stated t IN A separate speech John JohnW Johnw W Mueller regional supervisor or of power for the Bureau of Reclamation declared Some day there is every reason to believe the Colorado River Basin will be one of the major pro producing areas of the United States |