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Show Page 2 OMJ October 26, 1970 Editor's Note: The fallowing editorial appeared in the Thursday. Oct. 23. issue of the Deseret Mews. Salt Lake City. IVefnid in it echoes of a theme that has been often played by the OMJ. EDITORIAL: For years the petroleum ami eoal industries have been eomlortahlv ahead of eonsumer demand tor gas and oil and other energy produets. Not so today. In tael. the nation t'aees a severe some experts are labeling an energy erisis unless new efforts are launehed now to remedy the situation. Only this week the Interior Department ruled that the need lor oil and gas outweighed pineh it environmental factors and deeided to go ahead in leasing 593.000 otfshare aeres for petroleum development. Energy demands, in faet. have been doubling every 10 years. It is estimated that in the next two deeades alone the lS. will consume as much total energy as it has in all the years nnee 1776. More and more U.S. needs are being supplied by foreign imports because U.S. production can't keep up. Utah has a special stake in this quest for new sources of fuel because of its huge oil shale beds. Experts figure e there are two trillion barrels of oil tied up in shale deposits many times the worlds proved oil in Utah. Wyoming, and Colorado. reserves But finding an economic way to recover the oil is being hampered by the Interior Department. Just la?t spring. Secretary Ilickel abruptly cancelled plans to offer up to 36.000 acres of oil shale lands in six tracts in area for competitive leasing. the three-stat- e Present technology is ot yet far enough advanced to make oil recovered from competitive in price with liquid petroleum reerves. But such technology is best developed under competitive conditions, and only the which ow lies 00 to 03 per cent of federal government oil lands can promote that kind of the competition through leasing. lands would appear to be less Environmentally, harmful in recovery methods than drilling in oftVhorc sea beds where there are potential dangers to marine life and beaches ?hould a rupture occur in a line or diould a well blow. Oil hale proces.-e-s developed by The Oil Shale Corporation, as one example, create no air or water pollution problem.--. The great amount of shale waste can be eliminated by a new process which ignites underground a fractured bed of oil shale. eliminating the waste di?posal problem. If ri.-to the environment are worth taking to oil. certainly its time the Interior recover off.-hothe potential and safety of Department 011 recovery. high-grad- i ks re rea.-.-es.-- ed overkill Continued from Page 1 all he really expected was a ghuckin reasonable interpretation of ecological considerations in development of oil, gas and other resources. 0 tew Loesch told the association that he had been shocked at the manner in which they were treated by the Interior Department in trying to lease public lands for development. He said the Public Land Law Review Commission has already caused his department to revise By letter from one of our favorite Mrs. Viola Daw of subscribers a short time back and before we had a chance to write Salt Lake City and tell her we didn't print letters of that nature, our move into new offices and the press of other business kept pushing an answer to her letter further down on our list of things to do. We've decided, therefor to publish Mrs. Daw's letter for the enlightenment of those of you who have wondered if we ever print We received a to regulations extensively He said a eliminate unfairness. now awaiting the new law, Presidents siganture, also will assist in leasing reforms. The government is going to need help from private industry to catalog all the nation's mineral supplies because the government is undoubtedly unable to do it alone, he stated. Loesch also implied that the Interior Dept, will soon announce leases on federal oil shale lands. The leases will carry strong enviornmental however. meeting, Milton A. Pearl of the Public Land Law Review Commission, said that consideration for the environment will prevail even if processing of resources taken from public lands must be done off the federal property. He also told the association that public lands mineral resources will not be available to pollute should Congress adopt recommendations contained in a Public Land Law Review Commission report. The policy adopted by the four-count- y organization also condemns the indiscriminate location of large blocks of mining claims for apparently dubious reasons that lack requirements what is essentially an advertisement as a news item. The answer is no. Or at least almost never. requirements, Another speaker at the full legal by knowingly or unknowingly staking over someone elses ground. Hie association suggested that a three man commission on mined land reclamation be appointed by the governor of the state, one to represent labor, another the mining industry and a third, the public. Further restriction of the continual search for raw materials Chuck Hayward . Dear Sir: I would like to sell my five patented and one unpatented mining claims. I have all the necessary data pertaining to them , such as maps of the claims and tunnels , assay sheets, geological reports, and a photostatic copy of the U.S. Mint Report made in 1883 when all the properties were being operated. The report was made by Mr. Horatio Ilurchard, Director of the Mint. It states that large quantities of the ore in all the properties assayed from three thousand to five thousand ounces of silver to the ton. My highest gold assay is two ounces plus considerable copper, lead and a small amount of zinc in the eighteen parallel east-weveins that outcrop on the surface and contact the princqtal N408 East vein in the fault high up on the mountain which also contains tin and the greisen in adddition to the other metals on our st claims. All the properties closed down when the price of silver dropped and did not reopen due to the narrow road over the high Galena Summit. In 1959 the government put a lovely highway in between the mountains. Now the properties are being operated again. I would be glad to show any interested parties over our area if they would pay my expenses. It requires two days to check the property. My daughter could go up with me. Sincerely, Mrs. Viola D. Daw Phone: in view of the predicted of raw materials between now and the year 2000 was strongly condemned, and the statement stated that an orderly search for and development of consumption 25 Cents a Copy Subscriptions $10 Per Year resources mineral Published weekly in Salt Lake City, Utah by Charles E. Hayward of 1243 E. 21st South, Salt Lake City, Utah 84105. Mailing address: P.O. Box 19243, Salt Lake City, Utah 84119. Serving the mining and oil industries of the Rocky Mountain Region. Articles and information herein are true and factual to the best knowledge of the publisher. Information and opinions published are the sole responsibility of the publisher and do not reflect the attitudes or opinions of the merchants, brokers, corporations and service firms who advertise herein or otherwise sponsor this publication. continued. Thin it no! en ofjving ofifutt thartt tor tale, or an. offer to buy, or a mJicituUun of. an offer to buy any of racA unarm. 7 hr offering i made omy by . the offering September 2, 1'J'iO 3,000,000 Shares SILVER METALS, INC. Phone Editor & Publisher 487-076- 8 or f the ottr.nn- - nr-ula- r iki, obtuineil JVi.ni the nnderetgnrd $2 col. inch $2 for 20 words hi Unity Securities Corporation harm T bit offering it auaiuKc on. fide it lidenii of the titles of L'lafc and A'ecoda. 467-966- 2 Chuck Hayward 45 last 4th South Salt Lake City, Utah 14111 3S5-4A0- 1 The General Services Administration soon will start some of its 71 million pounds of surplus concentrates for domestic use and for (selling according to a report out of Washington, D.C. official has been quoted as saying sales will monthly. Domestic users will be able to buy tungsten at prearranged prices while foreign buyers will have to submit sealed bids. The GSA expects to sell 20 million to 25 million e pounds to domestic users in a program to "relieve a tight supply position." The e export program will involve 10 million to 15 million pounds. The action by GSA was predictable in the face of rising tungsten prices, but serves to point up an objection currently being raised by the American Mining Congress. The AMC opposes the use of the nation's strategic metal stockpiles to control the free market workings of the private economy. Stockpiled metals are an indespensible asset of great value to the nation and should be released only in times of emergencyheMChas told Congress. long-rang- Price S.10 per share Cflri'-o- I'm sorry, Mrs. Daw, but we don't print letters such as yours. long-rang- Capital Stock (S.05 par value) Second Class Postage Paid at Salt Lake City, Utah Advertising Rates: Display Advertising Classified Advertising must be 467-633- 0 |