UTAH ACADEMY OF SCIENCES 149 
states in which the oil shales occur. The shale oil refiner- 
ies will require sulphuric acid and other chemicals and 
supplies which logically will be produced as near to the 
shale fields as possible, thus bringing in more capital and 
labor. Transportation facilities will be extended to meet 
the requirements of the shale operators, thus benefiting 
the regions now inadequately supplied in this regard. 
Prices of petroleum products in the regions contiguous 
to the shale operations can be expected to be relatively 
lower than they would be if similar petroleum products 
had to be shipped in. The list could be extendec, but it 
is impossible to go further in my limited time. 
It must be emphasized however that development 
of an oil shale industry to a scale sufficient to be of so 
much economic importance, will require much study, 
time and money. The oil shale industry is no game for 
the man of small experience and capital. We have often 
compared it with the development of the low grade cop- 
per ores of this State, and the comparison, in that it is a 
large low-grade chemical manufacturing enterprise, 
requiring capital, time and trained men, is undoubtedly a 
true one. The investor in oil shale operations should 
know that he will probably have to wait for a long time 
for a return on his investment, and that returns in all 
probability will be conservative. In spite of this, I believe 
the day of the oil shale industry is coming. When, it is 
difficult to predict, but some day it will undoubtedly be 
one of great importance to the country and state. 
