Show l Energy problems I can be b e met I I 11 A. A 1 Gulf Oil VP says f 1 The American West has an nn essential role to play In helping the country surmont its energy problem and working together Americans can rise to the occasion occasion occasion oc oc- casion according to William E E. Moffett Gulf Oil Corporation Vice Viet President Speaking before the annual meeting of the Colorado Association of Commerce and Industry Mr Moffett said implications of the energy problem are arc as crucial as any economic issue that our nation has faced But Dut he added in the effort to prom promote te greater energy determined deter security we seem mined literally to snatch defeat from the jaws of vic vic- vic vic- tory WEHE INHIBITING development of new sources of oil not only through government government government govern govern- ment controls but also through limited access to prospective leases II Were also curtailing coal production with environmental issues and government regulations crippling natural gas production with stringent price controls and delaying development of nuclear power II he said U U. S S. S supplies of oil and natural gas are expected to fall far short of demand over the I next 15 years Mr Moffett said We must look to coal coal conversion processes and the the development of synthetic of-synthetic fuels such as shale oil to begin to tomake tomake tomake make any strides toward energy sufficiency self-sufficiency he said DOMI DOMESTIC COAL oAI prod production produce c- c Lion tion for example should grow from million tons this year to more than one billion tons annually by 1990 1090 or roughly the equivalent of 13 million on barrels of oil ail a day Our recoverable oil shale some billion barrels barrets In a square mile area 0 of o Colorado Utah and Wyoming Wyoming- equals the known reserves of petroleum In all the Middle East he added Gulf through its Pittsburgh and Midway Coal Mining Company subsidiary and its joint Venture Rio Blanco Oil Shale Project is involved with both of these important energy sour sources es Mr Moffett said WERE WEHE CONVINCED we can meet all reasonable environmental environmental environmental en en- requirements he said In coal reclamation of land is tailored to the local environment In oil shale we will spend several years and many m millions of dollars em on environmental studies equipment and materials all ll before we mine one pound of o oil l shale commercially He tie concluded Our country has the resource base and the technological capability to tomake tomake tomake make great strides toward energy self But the job is an enormous one Most of all the task will willa require a unified national effort which recognizes that energy is not the West's problem or the East's problem or the South's problem or the Norths North's problem Energy is Americas America's problem J |