Laserfiche WebLink
<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />~ <br />~ <br />~ <br />~ <br /> <br />Coast through a single pipeline constructed specifically <br />for shale oil. <br />The development of Phase III should begin after a <br />year or two of prototype plant operation, and be completed <br />within five years or about 1970. <br />The industrial development will be limited to shale <br />oil production, refining, and transportation facilities, <br />and essential supporting utilities. Neither manufacturing <br />plants utilizing by-products of shale nor industry pro. <br />ducing supplies for the shale mines and plants are fore- <br />seen during this period. <br />A population increase of 40,000 to 45,000 over Phase <br />II seems likely, with the majority living in existing <br />communities from Glenwood Springs to Grand Junction. <br /> <br />Phase, IV - Secondary Expansion <br />The growth of the shale industry following Phase III <br />should be rapid. The technology will be firmly established, <br />The demand for petroleum fuels is expected to be such that <br />rate of growth of shale oil production will be limited only <br />by the ability of the industry to expand. <br />The five-year period following Phase III should see an <br />increase of shale oil production to about 1-1/4 million <br />barrels per day, This is thought to be the maximum rate <br />at which the industry can grow with normal economic in- <br />centives. The effect of some national emergency which <br />might accelerate growth is not considered. <br />The Phase IV expansion will require an investment in <br />the range of $5 billion, not including community facilities, <br />-21- <br />