Show SHALE HALE I INDUSTRY I THY Ess Essential Essential- and and- concerning the progress of oC the shale industry ar are contained I In u a Sl l i 7 of a report recently nUy iss issued ed by br the b bureau bf mines In this hils summary it Is pointed out that 1 Many American deposits merican sh shale le deposits are ale richer in recoverable oil than Scotch now being worked and probably nearl nearly to in nitrogen content Is a measure measure of recoverable rc recoverable re- re coverable ammonia 2 2 Market conditions for shale products are less less less' favorable in this country countr than In Scotland 3 Great quantities of oC American are of greater thickness ane andare and andare are better ii tiled art mining than Han Scotch 4 4 As yet no process s 5 for Cor obtaining oil from shale oil-shale has ue been n used in actual commercial practice in tats Uis country 5 Indications are that the States cannot continue n long p pA pend on domestic petro petroleum u l l rod tio lio to supply completely the demand ll for petroleum products and that soon sooner t or later oil spates will Have Ua to be used to help supply the del deficit 6 G. G The shale-oil shale industry cannot hope to supplant the petroleum industry Industry in industry In- In In a large wa way for l any y years ars but hut will probably ul g grow gow ow up front from local in favorable ll places ces 7 C COsts of of shale oil oll shale oil shale operations cannot be e h reliably l estimated until commercial practice In this country furnishes the necessary data JS 3 The cI quality aIll abd and aid va value valise l. l of products and products by-products b products to be he oh- oh ob obtained from shale oil In iu this COUll country tr are not known with nn any degree of certainty 9 The shale oil-shale Industry I i is a scale large 10 low grade manufacturing enterprise requiring I large targe 1 ge ca capital Hal high technical and business ability and probably making slow return on the Investment Once economic conditions conditions conditions con con- become favorable I for tor the de development development of the industry and satisfactory satisfactory satis- satis satis factory factor mining retorting and refining relin- relin relinIng refining ing processes es are worked out and markets established there thore should be only ordinary ry business IJ risk connected connect connect- ed d with the Industry 0 |