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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - January 31, 1975, Lethbridge, Alberta Friday, January 31, 1875 THE LETHBRIDGE HERALD 11 Alberta oil sands supply good for hundreds of years CALGARY (CP) The Alberta oil sands contain enough synthetic crude oil to supply Canada's needs for several hundred years but their development has been curtailed by political uncertainty, an oil sands forum was told yesterday. If the Syncrude Canada Ltd. oil sands plant does not go ahead as scheduled, it would be the end of this decade or later before a similar project would be launched, said Reginald Humphreys, general manager og Great Canadian Oil Sands Ltd. Great Canadian now is operating the only oil sands plant in the Athabasca oil sands in northeastern Alber- ta, producing barrels of synthetic crude dally. Four other groups have proposed oil sands projects. Mr. Humphreys and other panelists, including Maurice Carrigy, senior oil sands adviser to the Alberta department of mines and minerals, and Vernon Larson, assistant manager of the department of new energy resources with Imperial Oil Ltd., told the forum that current technology can extract only a small portion of the ultimate oil sands reserves. Ultimate oil sands reserves have been estimated by the Alberta Energy Resources Conservation Board at 710 billion which about 250 billion barrels, or 35 per cent, are estimated to be .recoverable by known technology. However, only 26.5 billion barrels of the reserves are commercially viable for extraction with existing technological knowhow and cost pricing relationship. Still, this amount is more than three times the remain- ing proven conventional crude oil reserves in Canada, Mr. Humphreys said. The majority of the recoverable oil sands reserves has to employ in situ recovery, which is the recovery of oil from oil sands too deep to be mined, Mr. Larson told the forum, sponsored by the University of Calgary business faculty students. Situ technology has yet to be perfected, he said. Mr. Carrigy gave a historical account of the Alberta oil sands, concluding that oil sands must be developed if Canada's energy self sufficiency is to be met and Alberta's economic prosperity continued. A fourth panelist, Lawrence LeClair, president of the Alberta and Northwest Territories Building and Construction Trades Council, said many jobs would be lost if the Syncrude project is cancelled or postponed. Mr. Humphreys said "the days of cheap oil and gas are over" especially in the case of oil sands and frontier resources which are more costly to develop. He called for "a well co ordinated effort by in- dustry, financial circles and both provincial and federal governments" in the development of new energy resources. "The oil sands can supply Canada's energy needs for hundreds of years but Canada will face an energy shor- tage if oil sands development is he ?aid. T Federal housing budget denounced Canadian survivors Three unidentified Canadians are shown in Santo Domingo hospital yesterday. They were among the passengers aboard a DC3 charter plane that crashed while taking off from Santo Domingo airport. OTTAWA (CP) Provin- cial housing ministers Thurs- day unanimously denounced the proposed federal housing budget which some of them said would force them to cut back their own spending plans. i They said at the close of the one-day federal-provincial housing conference that the federal housing budget of billion should have been about billion. Saul Miller, Manitoba urban affairs minister, said the budget increase of about million from last year actual- ly is a decrease as construe- tion and other housing costs have risen. "If a vote had been taken here, it would have been 10-to- one against the federal Mr. Miller told reporters. "However, the one vote has a little more muscle behind it than the other 10." Several provincial ministers said their governments intend to increase their own housing budgets as much as 33 per cent to 100 per cent this year. Others were less definite, say- ing their budgets are not yet set. Walter Fitzgerald, Nova Scotia housing minister, said his province had planned to double its own spending this year but this would probably be reduced to a 10-per-cent in- crease following the federal announcement. Much of Nova Scotia's spending is on shared-cost housing programs with the federal government, he said. If federal spending was not raised substantially, the province could not increase its funds. Mr. Miller and other minis- ters said they hope Urban Af- fairs Minister Barney Danson can convince his cabinet col- leagues to increase spending later this year through supple- mentary estimates. Countering the provincial attack at a news conference, Mr. Danson said the provin- cial housing ministers did not s'eerh to take account of recently, proposed changes in the federal assisted home ownership and rental housing programs. The changes are designed to JEWELS IN TOWER The Crown jewels of England are on display in an infamous old- Tower of London. The exhibit is guarded by special guards known as Beefeaters. allow the government to sub- sidize private lenders the difference between the market interest rate and the eight-per-cent rate under these federal programs. The urban affairs minister said he has found from dis- cussions with private lenders that as much as billion of additional money could be at- tracted to these programs from private sources. Ontario Housing Minister Donald Irvine led off the pro- vincial barrage at a conference closing news conference saying he was "greatly disappointed" by the federal housing budget an- nounced earlier in the day. "It is a stand-still budget, not taking into account any in- flation Mr. Ir- vine said. All the provincial ministers took the same stand. Mr. Irvine said Ontario is doubling its own'spendng on housing this year while Brian Peckford, Newfoundland municipal affairs minister, said his province plans to increase its budget 33 per cent. Others were more vague, generally saying there will be substantial increases but their budgets were not yet final. The provinces also express- ed disappointment that Mr. Danson did not accept their demand for freedom to spend federal money as they wish. Mr. Danson said the federal government has a "responsi- bility for our funds to the tax- payers." "We have to look at national standards and national objec- he said. The urban affairs minister said he was willing to talk with provincial ministers in May or June if they find serious difficulty with some oi the federal housing programs. CONGRATULATIONS to CJV "THE CARPET PEOPLE" on their Grand Opening It was our pleasure to do the renovations to the front of the store. Peter Simons Sons Const, LTD. 237-13 St. N. Phone 327-6052 OPEN 'the Carpet THFIR 508-3rd Ave. S. n s. n TOMORROW FEB. 1 YARDS OF EXCITING COLORS AND DESIGNS DOORS AT WHOLESALE PRICES DOOR PRIZES "THE CARPET PEOPLE" have been scouring North America for the very latest in carpet stylings and now have them. Brilliant colors, Magnificent wea- ves, a Kaleidoscope of patterns, all available for you today. Don't con- fuse high fashion with high prices. You'll be surprised just how little it will cost. COLOR WITHSTAND HAHVESTOR RESTAURANT DRAW TO BE MADE SAT FEB. 1 p.m. In and See Varty and Jack May Telex Does It All Immediately upon purchasing carpet, we telex our central warehouse in Calgary and your order is per- pared, shipped and received the next day. This system is unique, it saves you money as there are no stock or storage expenses. Quick ill EtflcM. _ 'theCarpet People' INSTALLATION 508-3rd Ave. S. Phone 329-3228 ;