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<br />mS76C1 <br /> <br />RUED! DAM ,\ND RESERVOIR, COLO. . <br /> <br />From considerations of the U.S. petroleum supply and demand alld <br />the unquestioned status of oil shale as onr most feasible domestic petro- <br />leum supplement, we couelude that commercial shale oil production <br />may be"in during the period 196G-65. From an initial production of <br />"bout 25,000 barrels per day, shale oil output should increase to 1,250,- <br />000 barrels daily by 1975. The industry should cOlltinue its e"l1l\11sion <br />beyond t,his perIod. <br />We recommend planning a water-supply capability for shale oil <br />production aud its related municipal aud industrial development cor- <br />responding to the following schedule: <br /> <br />[.!cre-feet per year] <br />1G~0___________________________ 2,00011970------------------------- 40,000 <br />1905.__________________________ 5,000 1975_________________________ 250,000 <br />Alt,hough we believe t.hese figures to be as reliable as possible <br />today, it should be recognized t.hat ne" technological developments <br />in shale oil product.ion and utilization are to be expected., Further- <br />more, the industry could develop more rapidly if access to foreign oil <br />,were adversely affected or less rapidly if Federal restrictions on oil <br />im\)ortntion are relaxed. Changes in the tax status of the petroleum <br />inc ustry also could st.rongly influence the attractiveness of shale oil. <br />In view of t.he several factors which could c.hullge basic :issumpt.ioIls of <br />t.his study, periodic revie"s of the shale wat.er situation wltil the indus- <br />try development pattern is firmly established are suggested. <br />We wish t,o aeknowledge the cooperation arid advice of Direct.or F. L. <br />Sparks, of Shale Water Committee, Chairman William H. Nelson, and <br />membe.rs of t.he conunitt.ee. 'Ve especially wish to extend a.pprecintioll <br />to the oil.company officials who gave liS the benefit of their viewpoints <br />on various parts of the study. <br />Respect.fully submitted. <br /> <br />RUSffiLL J. CA'fERON. President. <br />