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<br />Colorado Water Conservation Board <br /> <br />July 1, 1959 <br /> <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 />pe expected. Furthermore, the industry could develop more <br />rapidly if access to foreign oil were adversely affected or <br />less rapidly if federal restrictions on oil importation are <br />relaxed, Changes in the tax status of the petroleum industry <br />also could strongly influence the attractiveness of shale <br />oil, In view of the several factors which could change basic <br />assumptions of this study, periodic reviews of the shale <br />'dater situation until the industry development pattern is <br />firmly established are suggested. . <br /> <br />We wish to acknowledge the cooperation and advice of <br />Director F.L. Sparks, of Shale Water Committee Chairman <br />William H, Nelson, and members of the Committee. We <br />especially wish to extend appreciation to the oil company <br />officials who gave us the benefit of their viewpoints on <br />various parts of the study, <br /> <br /> <br />RJC :jh <br /> <br />-11- <br /> <br />A MEA 0 N <br /> <br />" N D <br /> <br />JON E 5 <br /> <br />INCORPOIATED <br />