| Show Oil Oili shale program gets approval val valThe The Senate has recognized the importance of oil shale on federal lands said Senator Frank E. E M Moss s Utah D-Utah as he reported approval of the conference conference conference con con- ference report on authorizing appropriations for the Energy Research and Development Administration HE liE SAID the report establishes a new program providing for use of public lands free of bonuses rent or royalties for the demonstration of production of oil from shale by the in situ method He said I it if establishes a new 6 billion loan guarantee program to provide financial assistance to private Industry to build synthetic fuels plants lants TilE THE IN situ method of or oil recovery from oil shale is recognized as being environmentally environmentally en en- and technically preferable to mining and above aboveground aboveground aboveground ground retort processes The bill requires a suitable resource base and requires an ad ads administrator to insure credible evaluation of the viability of the thein thein thein in situ process as a a basis for public policy decisions The legislation will be good for Utah and for the country as a a whole It recognizes the vast undeveloped undeveloped undeveloped un un- un- un developed oil resource in shale and presents a challenge for its development he claimed |
