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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 4, 1974, Lethbridge, Alberta 6 THE LETHBRIDQE HERALD Monday, February 4, 1974 Tunnel into Colorado mountain in search of oil-rich shale TV highlights MONDAY MUSIC: Lawrence Welk, 6 p.m., Ch. 7. A musical salute to Canada is this week's highlight. VARIETY SPECIAL: Mitzl Gaynor, 6 p.m., Ch. 9: A musical comedy salute to the American housewife. Among the guests are Suzanne Pleshette, Ted Knight and Jane Withers. CRIME DRAMA: The Rookies, 8 p.m., Ch. 13. The story of an ex-convict who's giving three young proteges on-the-job training in the finer points of crime. CRIME DRAMA: Cannon, p.m., Ch. 7. "Blood Money" tells of a lawyer who is after his imprisoned client's fortune and arranges for his death in a jailbreak. MUSIC SPECIAL: Country Music Hit Parade, 9 p.m., Ch. 13. Eddy Arnold hosts this country-western jamboree from Nashville's Grande Ole Opry. REPORT: Nature of Things, 10 p.m., Ch. 7. "The Joy of examines the factors involved in the making of a top athlete. REPORT: Man Alive, p.m., Ch. 7. Faith healing is the topic of a two-part series. SCIENCE: Target The Impossible, p.m., Ch. 13. A new concept in education that allows students to study in the freedom of the outdoors is examined. MOVIE DRAMA: "The Steel 12 midnight, Ch. 7. A Marine captain risks his life during World War II to rescue a general from a Japanese prison camp. TUESDAY INTERVIEW: Fred Davis Show, 11 a.m., Ch. 13. Bernard Slade and his wife Jill tell why their marriage has lasted. Forgotten 100 years Oil shale about to make strong comeback Oil from rocks? In the United States it has been uneconomic until now. But today's soaring crude oil prices make it feasible. Government and industry are racing to make up for lost time though development will take years, as the last of five articles points out. By DAVID MUTCH The Christian Science Monitor GRAND VALLEY, Colo. From this quiet little town in western Colorado, a gravel road runs into the middle of a mountain. The mountain and others like it in Utah and Wyoming are a natural resource of inestimable value: oil shale. Before 1859, the United States used it. The Soviet Union and China use theirs now. And it appears that soon the U.S. after more than a century will do it again, at least experimentally. Oil shale is dark, rich rock, of which hydrocarbons compose 13 per ceat. The U.S.- is wealthy in oil shale deposits all unexploited. When heated to temperatures hi excess of 900 degrees F., oil shale yields its hydrocarbons in the form of shale oil a high-quality product that can be readily converted into gasoline, diesel oil, and other liquid fuels. Up to 600 billion barrels of oil may be readily exploitable, with the richest deposits in northwestern Colorado, northeastern Utah, and southern Wyoming. This would equal about 100 years of current oil shipments to the U.S. from the Middle East; proven crude-oil reserves in the U.S. total only some 40 billion barrels. Development of an industry with any impact at all, however, will take decades. Based on one set of interior department figures three million to five million barrels of oil daily by the year 2000 and assuming the current rate of growth in consumption (about four per cent a shale oil could make up some 7 per cent of total U.S. needs. The road ahead, however is strewn with environnmeatal obstacles. For one thing, shale expands when heated, leaving a residue between 12 and 20 per cent larger than the original amount. Dumping billions of tons of spent rock will be a major problem, ecologists argue. They also warn of air and water pollution from the heating processes and disruption of the natural balance of nature in mined areas. A huge volume of ore must be mined to obtain a reasonable amount of energy 10 times more, for example, than an equal amount of energy from bituminous coal. A portion of the spent shale perhaps 60 per cent can be returned underground, if it has been so mined. However, there is a good chance open pit mining (not strip mining) will be used in at least one of the six sites. Copper ore is often mined this way, as in Butte, Mont., where Anaconda's Berkeley pit yawns open 1V4 by IVs miles by one-quarter mile deep. Such pits remain open almost indefinitely so spent shale would have to go elsewhere. The most common proposed solution is to store the waste in canyons. The material is almost impossible to revegetate successfully because of its high content of salts, although it can be covered with soil. So the usual challenge of reclamation is compounded; added to it are the problems of erosion and heavy salt runoff into waterways. Environmentalists, how- ever, face th6 simple fact that working oil shale is now a paying proposition, whereas historically it has been uneconomic. Since 1859, when commercial petroleum production began in the U.S., oil from the ground, as well as natural gas, has underpriced shale oil. In June, 1971, President Nixon ordered the interior department to prepare a leasing program to develop oil shale lands (80 per cent of which are federally A previous attempt at leasing, in 1968, was a flop. Top bid was only But soon after the 1971 plans were launched, oil prices began to rise; recently, as part of the worldwide energy crisis, a barrel of normally produced oil has shot up from to (set by the Organization of Petroleum Exporting Countries Venezuela and other have followed suit. Domestically, the government has allowed prices to rise steadily. Result: On Jan. 8, when the first of six tracts of shale oil lands were offered for lease, as the start of a prototype program, the high bid was million (by Standard Oil of Indiana and Gulf Oil Company, for deposits in northwestern Suddenly, shale oil has become, hi the long term, eminently desirable provided both technological and environmental problems can be worked out. The interior department concedes environmental worries. In its 10-pound, six- volume study on the subject, the department says oil-shale development would "produce both direct and indirect chan- ges in the environment of an expanding nature and comul- ative impact." Yet the government is anxious to get on with its prototype development plan. Despite Mr: Nixon's call for energy indepedence by 1980, the latest federal task force directed by the Atomic Energy Commission says that even with stringent conservation, the nation will still need to import 2.2 billion barrels of oil a year by 1980. Oil shale is a rich resource for the U.S. West. (There are extensive but less-rich Now you can make your money make more money by investing it at theTD Bank. At Toronto Dominion, we have several good investment plans. Tell us how much you have to the length of time you can spare it. We'll help you choose the plan that's right for you. We have short-term investments for large amounts. Long-term investments for and over. And our Six Year Savings Certificates which sell for as little as (Buy one whenever you have some extra money- You'll he pleased with how much it's worth in six year's time.) And all of these you can cash in ahead of term if you need to; for ;i slightly reduced, hut still attractive rate. And here's one you may want to invest in right away. It's TD's Retirement Retirement Savings Plan that can help you save big on your Income Tax for 197 3. (Just make sure you see us before March 1st.) There are several things we think you'll like about this Its fixed interest 8J and compounded semi- annually to help your pension fund grow faster. It's earnings will always follow the rate for TD's Five Year Certificates of Deposit. It's flexible. You can start your plan for as little as 5250; and add to it you have or more to spare. For details as to how much you can put how much this can save you in your TD Manager soon. In fact, to find out more about any of our investments, conic in and sec us anytime. We'll help you find ways to make money on your money. Once you get started with TD Investments, we're sure you'll never look back. TORONTO DOMINION vVhere rmike Jhe