Word: shales
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...heap of feudin' and fightin' lately in the poverty-pocked Appalachian Mountains of eastern Kentucky. Behind the legal protection of mineral-rights grants dating from the last century, companies have let mine debris bury trees, pollute streams with fish-killing acids, even damage homes with boulders and shale cascading down mountainsides. One woman watched in horror as a bulldozer uprooted the coffin of her infant son, sent it tumbling down the hill behind her house. Since last summer, sporadic gunfire has erupted between the angry mountaineers and the armed guards of the mine operators...
...Shale oil lands are at present owned by several companies, Galbraith noted, and thus "are being deterred not by government ownership of other land, but because of the costs of development...
John Kenneth Galbraith, Paul M. Warburg Professor of Economics, has urged in a report to Secretary of the Interior Stewart Udall that oil shale lands in Colorado, Wyoming, and Utah, not be leased to private companies until further knowledge of their value is available...
...said in an appendix to the report of the six-man Oil Shale Advisory Board that leasing the lands before the cost of extracting the oil is known would amount to "offering a subsidy of unknown value for a development of unknown cost promising a return of unknown amount...
...Board was set up on June 30, 1964, by Udall to analyze the problems associated with development of oil shale deposits on Federally owned land. Since no economic method is at present known for extracting the oil from the land, the major problem facing the committee was how to stimulate research in this direction...