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<br />~I <br /> <br />'0'00094 <br /> <br />-2-WRW washn x x x mil- <br />lion barrels of shale oil would be a million barrels of imported petro- <br />leum.. the oil shale report stated. <br />The r~po:i:"t w-a.. Split into three sections. Basically it was on the <br />environmental effects of developing siX publiclY owned tracts of 5120 <br />acres each of oil shale land, two each in Rio Blanco County, colorado~ <br />Uintah County. Utah. and in Sweetwater County, Wyoming. Hearings will <br />be held in Rock Springs. Wyo., Vernal. Utah. and Grand JUnction. Colo., <br />during thereconc1 week of October on Il,terior's plans to lease these six <br />tracts for oil shale development. The first test lease sale of the #1 <br />tract, Colorado Tract C-a, will take place in mid-January, according to <br />Interior's present plans. Only after all six tracts have been offered <br />for lease and the results have been studied will Interior decide to open <br />more oil shale land for leaSing, the report emphasized. The draft re- <br />port considered how a full-scale oil shale industry might be developed <br />as well as the Interior six-tract test lease proposal and alte--natives. <br />VERY BULLISH ON OIL SHALE-DOLE <br />Assistant Interior Secretary BoJ.lis M. Dole told Western Resources <br />Wrap-up when the oil shale environmental draft report was released,"r <br />ani very bullish on oil shale. I feel that it is now economic to develop <br />oil from oil shale prOViding the environmental safeguards are met. In <br />oil shale we have a tremendous reserve of energy, and I feel it should <br />be developed from the standpoint of both our economic security and na- <br />tional security. <br />nIf we don't get busy on the development of shale oil from oil <br />shale, r think we are going to see the cost of energy rise very rapidly. <br />Oil from shale can set the cost of energy in the United States. It can <br />put a ceiling on the price," Dole continued. With American demand for <br />fuels and energy continuing to grow at the rate of about four per cent <br />a year, an increasing portion of that demand now has to be met by for- <br />. deteriorating <br />eign imports of oil, he observed. This puts the United States in alii <br />bargaining position. he pointed out. "This does not have to be. when <br />we have this much muscle in oil shale. Its our muscle, and it' s time <br />",e flexed it, as it \o,ill take 15 years to develop a 1 million-harrel-a- <br />(more-hem 1 <br />