The Glenwood post., 1919-01-04
coLoRADo's GREATEST RESOURCE

You have h-re an undeveloped re-
than all your mes, or your agricul-
ture. 1t provide question which you
should meet. Tigre are factors of de
lay which you 81 I'D eliminate. Bring
to bear combin1 ion sufficient to Sc
cure the largest development. There
is no question that the shale of Colo
RADIO is to form cnr of your basic in
Iustries.''
j. Bainbridge Jones, oil banker, bust
ness man and geologic expert of Tulsa
and Kansas City, at the head of d
large syndicate of mid-continent oil op-
orators which is investigating Colora-
dos o ilshale opportunities, concluded
an interesting address before the Mem
bers' Council of the Civic and CONNER
cial association on Friday with the
above statement. He said that the
syndicate he represented had been car
rying forward exhaustive analysis and
S> W aSSCildiii W hSehNi vi
reduction of Colorado oil shale would
be paying proposition and had found
Enthusiastically the answer in each phase
of the question to be eyes,
There is a profit of from 81 to Sc
a ton in oil shales developed on a large
scale, according to Mr.. Jones. The av-
erage total cost of treatment VIII be
- ton. Shales of an average yield
of AZ gallons of petroleum to the ton
will produce 80 per cent of lubricating
oils, Is per cent gasoline, 10 per cent
of fuel oil and or per cent of as
phaltic base for use in roofing, floor
ing, artificial filler for tires and SINH
lar purposes.
Analyzing the steps of production
operations Mr.. Jones asserted that the
mining of shale was not much Il fferent
than that of coal and should cost not
over 81 ton. The crushing charge
should not be over IS or 20 cents ton
and the retorting should not exceed 40
cents. As to reduction methods, the
speaker said that no patents existed on
most of theose successful today in
scotland and elsewhere; that they could
be taken and put into use freely.
AS to any elements of experimental
tion or risk, Mr.. Jones said, they are q
minimum in the development of shaics
now prospected. The strata are uni
form, as rule, in their petroleum
bearing qualities; it is possible to fig-
ure the average content of petroleum,
therefore, in a given area.
lowing to their proximity to rail
road transportation and the markets, -
said Mr.. Jones, "Grand Valley and
DeBeque must be regarded rs the most
favorable production points of shal"
products. 1t is likely, of course, that
economic conditions may some day
bring about the establishment of shale
oil refinery at Denver. The oil pro
duct of the shales cannot be handled
i"auiiy III Plpe llHcs oNlhS W iis HeaN
asphalt base.'
The speaker took issue with the ad-
vice of government expert who ap-
peared before the Civic and CONNER
cial association year ago and advised
early work in the shale fields toward
the production of lubricating oil, gaso.
line and ammonium ulphate-products
needed then by the government. Such
course, he said, would permit tn, waste
of great many valuable products, one
of which is, for each ton of shale, from
1000 to 5000 feet of gas. In this gas
there is in suspension lighter carbons
of much the same nature as those
known in casing head gasoline, valuable
for blending with other forms Of case
line. Eight gallons of such gasoline,
he said, would yield the produ 'er $1.44.
The speaker dwelt at length on the
excellent qualities of the lubricating
the experiments of the Oklahoma syn
dicate, made at the U. S. bureau of
standards at Washington.
Mr.. Jones asserted that the oil shale
deposits of Colorado, Utah and Nevada
combined contained more oil than has
been produced by all the oil wells in
America up to the present time.
TAnNprpS TIE IT'D