Word: shale
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...turns out even Mrs. Tweedy's husband Jack finished up the track. "We were married for 25 years and things just ground to a halt," said Penny last week from Long Island about her impending divorce from Jack, an executive V.P. of the California-based Oil Shale Corp. A major problem occurred when he moved to Los Angeles. Obviously aware that East Coast fillies have not done well In the West, Penny explained, "I realized I was never going to move out there. You can call it a conflict of careers...
...meet the threat, Levy contends, the major oil-importing nations must: 1) coordinate research and development of alternate sources of energy and agree to guarantee profitable prices to people who produce, say, oil from shale or tar sands; 2) work out a common program to build six-month stockpiles of oil and share imports among themselves if the exporters again curtail or shut off supplies; 3) agree that they will not try to get the cash to pay for oil by unduly pushing exports to and curtailing imports from each other; 4) especially important, develop coordinated programs to conserve energy...
...next decade, he told the conference, the U.S. must increase the supply of domestic energy while decreasing the growth in demand for it. That will be anything but easy. One panel of experts* emphasized the long lead times and billions of dollars of capital needed to develop oil-shale deposits, clean up coal, build more nuclear power plants and bring alternative energy sources such as geothermal power into operation. Indeed, reaching self-sufficiency in a decade is probably impossible...
Anyone who thinks there isn't enough oil to be found to increase production ought to research the estimates of oil available from Alaska, off-shore fields, tar sands, shale, coal, and old oil wells. The oil can be found if there is an incentive to find...
Undaunted, the AEC has gone so far as to propose the use of nuclear explosions to get at the shale. Commission experts say that it would take some 50,000 separate nuclear explosions to help free the oil from the rock. Yet even the AEC's nuclear diehards may be having second thoughts about nuclear blasting. Last month the commission announced that it will help foot the bill for testing an alternate, nonnuclear gas recovery scheme called hydraulic fracturing. Employing high-pressure fluids rather than explosions to crack the gas-bearing sandstone, the test will take place only about...