Energy Developers Express Discouragement

Summary

Energy Developers Express Discoura gement Th e United States has su ffi cient ene rgy that while industry could meet the coa l Southeastern Utah. supplies t o maintai n the existing sta ndard goals of both Pres id e n ts Ford and Carter Thu rber said he anticipates expendi- of living for fift y yea rs - allowing for it has been stymied. lie produced a 20- tures between now an d 1992 of S2.3 develop m en t of o ther en ergy sources in foot-long flow chart showi ng procedures bill io n for explorati on and drilling in the the interim. for mining co mpanies fro m init ial interest Rocky t\lountains and a capital in vest- That was th e good news. The b.Jd news to const ruction . He said Colo\Vyo spent ment fo r new mines and mills of $3.7 was it probably won't happen, because four years and S40 million to get to the billion in the same area and time p'criod. the en ergy- program is courting disaster. middle of the chart, only to have the U.S. Prognosis on tra ns p o rtation fo r energy These were some of t ilc conclusions of Department of Interio r change p rocedures developme nt was mi xed . W. J. "Bill " a three-hour symposium sp onsored b y last month. Holtman, p reside n t of the Den ver & Rio Club 20 in co njunction with Mining and In another example , Margolf said coal Grande Railroad , s::tid that after massive Pe tro leum Da ys in Grand Ju nction. companies bega n int ensive development capital outlays, the D & R G could handle Subj ect of· t he sym p osium w:~s the five, efforts

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