Show Oil Shale group increase funding Approval has been received from all seventeen participants in the Oil Shale Demonstration to immediately increase funding for Cor the protect prefect to 85 65 million We are ore very pleased to obtain unanimous approval for this increase from our participants participants participants par par- Harry program director said This extends the time for Cor completion of the approved program being carried out at Anvil Points near Rifle nine Colorado Into May 1976 Additional funding increases are also under study If approved approved approved ap ap- proved these could result in a significant further expansion of experimental project has proposed a 76 million program to construct and operate a single size full retort and supporting mine If financing is obtained this could extend the operating program to 1980 1900 SIZE FULL-SIZE module would be the prototype for commercial plants each requiring 10 or more such retorts The proposed expansion would bring the dream of a large scale oil shale industry a big step closer loser Moreover it would afford an opportunity to measure the environmental of size full-size equipment before commercial plants are built It is evident from our accomplishments accomplishments ac ac- at Anvil Points that has demonstrated its its' patented technology for oil shale retorting John B. B Jones Jr president of Development Engineering Inc and inventor of the proc process ss s said Similar has been used for limestone commercially for several years I believe we are ready to begin detailed engineering on an announced plans to construct and operate a size full-size oil shale retort and supporting mine at Anvil Points Jones commented According to who is also a vice president of Petroleum Company and manager of Its Oil Shale and Tar Sand activities In Utah and nd Colorado The proposed module would eliminate some concerns about the ability to successfully scale up the demonstrated technology to a commercial size operation Accomplishment of this objective should accelerate the development of oC an oil shale Industry at the current world price of crude oil provided US U.S. politicians do not arbitrarily roll-back roll the price of oC domestic oil and thereby discourage all such efforts to Increase US U.S. energy production |