Greeley Daily Tribune from Greeley, Colorado on March 3, 1976 · Page 13
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Greeley Daily Tribune from Greeley, Colorado · Page 13

Greeley, Colorado
Issue Date:
Wednesday, March 3, 1976
Page 13
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Wed., March 3,1970 G K K K L K V (Colo.) TRIBUNE !3 legislator soys coal industry paying its tax share DENVER (UPI) -- Sen. "Should there be a severance mining." provide exemptions from their Tilman Bishop, R-Grand June- tax," he said, "it should be Bishop said other states generally higher taxes lion, says figures he collected on Colorado's coal industry indicate the industry already pays Its share of the tax burden. Bishop said Tuesday the coal industry paid more than million i Colorado depending on the method of extraction. i state taxes to in 1974, excluding sales and use taxes. His figures included $003,941 in local property taxes and $369,499 in state corporate taxes. "The industry also has nearly 2,000 employes in Colorado, making average salaries of 113,000," he said. "They pay , . $25,871,157 in Colorado income sulphur content, tax." Bishop said his information should help the state legislators decide their support based on net, not gross." Thf House bill, sponsored by Rep. Jack McCroskey, D- Denver, would impose a four per cent tax on the gross production of coal, minerals, oil «V»ie. oil and gas in Colorado. "We in Colorado have more high quality coal minable underground than Wyoming, Utah, New Mexico and Montana combined," Bishop said. "Colorado coal is of very high value, because each of the three types extracted here average only one per cent of Winter art work? No this isn't a close-up of a flower, nor an aerial of a super-dome stadium under construction, or a Rorschach test blot. Actually it's a close-up of an automobile hub cap encrusted with ice. Freezing rain which hit the Denver area Tuesday formed this design as the (ire and hub-cap spun the ice into a bit of winter art work on a trip around the city. Close examination will reveal the automobile insignia in the design. (AP Wirepholo) Oif executive urges off domestic energy resources be developed By DAVE CLEMENS Associated Press Writer SALT LAKE CITY (AP)-An oil company executive told members of a government environmental advisory committee Tuesday that Americans will be "fools" if they believe foreign oil interests won't use petroleum as a weapon against the United States again. He said all domestic energy resources should therefore be "aggressively" developed. Meanwhile, members of the committee told oil shale developers they're generally pleased with plans for revegetaling Colorado land that would be disturbed by strip mining of oil shale. The Interior Department's Oil Shale Environmental Advisory Panel met Monday and Tuesday to consider, among other things, environmental effects of shale mining on a federally leased tract near Rangety, Colo. Though the meeting was not a hearing, the panel allowed one outside speaker to address the group by pre-arrangeinent. He was Max D. Eliason, senior vice president and general council of Skyline Oil Co. of Salt Lake City. In a statement prepared for the meeting, Eliason asked the panel to "avoid allowing unreasonable environmental objections lo block development of our vast oil shale deposits. A positive attitude towards utilizing our oil shale resources now K desperately needed," he said. Eliason, whose company owns more than 16,000 acres of oil shale land in Uintah County, Utah, said national politicians are lulling citizens into a "false sense of energy security" by suggesting that Ihe country's energy problems have been overemphasized. He said Congress is destroying economic incentives of the oil industry by eliminating oil and gas depletion allowances and maintaining price controls on oil and natural gas. "If this country is to have any hope of correcting its critical energy shortages, we must aggressively develop all available energy resources, including conventional oil and natural gas, coal and oil shale, while at the same time adopting stringent (supply) conservation measures," he said. He said the United States is not replacing supplies it is consuming, let alone increasing reserves. He predicted Arab nations may again impose their will on (he world by holding oil for ransom. "We will be the world's biggest fools if we convince ourselves that oil will not be used again as a political weapon against the United States," he said. "The unfortunate truth is that next time the effect on this nation could 'be disastrous because our actions are strengthening the position of our adversaries to use an oil embargo as a military and economic weapon against us." He said that situation makes it alt the more alarming that private environmentalists and the President's Council on Environmental Quality continue to "attack" oilshale development. He said the "enterprising companies" which have spent millions to develop oil shale technology have not ignored environmental questions. "Even before the passage of the Environmental Policy Act of 1969, extensive projects were conducted to monitor the effect of oil shale operations. Never in history has so much prelimi- DOITYOURSELR "STEAM"CLIAN YOUR CARPETS... THE PROFESSIONAL WAY. Hrnt the Inntastir now UP SOUT' Hydro-Mist m:ichinc fur nil y t m r rarpt-t loi)sonsnn(l rcinnvt-s tlirt, pri'vitms shnin- ntio rrsidnoitntl up In SOS of I ho mills- dirt'ill just out-step! 24384th Avenue 356-5313 Rcntals-Repairs-Sales Make that tired old sweater come alive. We'll expertly dry clean and block It. The Sanitary Laundry and Cleaners The Western Slope lawmaker also said legislators should beware of comparing Colora- or opposition to the minerals do's tax Wilh other stales, severance tax bill supported by "it is of the first importance House Democrats. when considering taxing the Bishop said he was releasing coal industry futher to differen- his figures for informalional (jate between surface and purposes only, but said he underground mining," Bishop agreed with other Senate said. "The former is a far less Republicans that any severance expensive extraction mode. tax would have to be applied Underground mining is, on Ihe searately lo the mining indus- average, five times more try. expensive than surface or strip Englewood man charged with kidnaping cab driver BOULDER, Colo. (UPI) - A 30-year-old man faces kid- naping, felony menacing and auto thefl charges for allegedly abducting a taxicab driver at rifle point, authorities said today. The suspect was identified as Larry Lynn Bassctt, 30, of Englewood. lie was arrested in Arvada Monday night in a taxicab allegedly stolen from Steve Lee Byers, 24, of Lakewood. Byers told authorities he picked up the man in Denver Monday. He said his passenger showed a rifle and then forced him lo drive to Boulder. Byers jumped from the car at a stop light. One HOUR "mmm: THE MOST IN DRY CLEANING I~MEN'S A LADIES' T PLAIN 1 i -- OIIITO PLAIN lOUITOlSWEATERS hillQiflc* mxlll lllll3IUt? Illal] one hour martin izing Phone 352-8883 2684 11th Avenue LOCATED NEXT TO "KING SOOPERS" I MEN'S 4 LADIES SLACKS '$1.76 760 760 | EXPIRES 3-31-76 1 EXPIRES 331-74 Coupon Mult Br Surlfixkrrd Coupon MUM Bf Surr Wilh Incoming G.rmfnl. 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The advisory panel, made up of representatives from federal, state and local government and conservation groups in Utah and Colorado, commented on a shale strip mine development plan prepared by Gulf Oil Corp. and Standard Oil of Indiana. The two oil giants, cooperating as the Rio Blanco Oil Shale Project, hold a lease to mine shale on one of two federal lease tracts in western Colorado. The tract, called "C-a," contains enough shale Lo furnish an estimated 100 billion barrels of petroleum. Oil shale is a clay- type rock from which oil can be extracted at high temperatures. The shale development plan must be approved by the Interior Department before mining can go ahead. Area Oil Shale Supervisor Peter Rutledge of the U.S. Geological Survey's Denver office said he expects to pass on the preliminary development plan by May or June. During Tuesday's meeting, Glen Fulcher of the Bureau of Reclamation said the advisory panel is happy with the shale- men's revegetation plan, although the proposed method still must be tested. The mining vice-president for Rio Blanco, Charles Spielman, said the developers would first compact processed shale, then cover it with a layer of loose rock, or overburden. . 812 nth St. 352-5062 March of Spectacular Values 52-inch beam width ufibrs roominess and stability. Non-glare interior is [inintnH w i t h lii'ht green webbed p;ittorn Rugged construction rovidcs for long and (.rouble-fret- bout life. SAVE *31 WARDS 7.5-HP OUTBOARD 198 88 REGULARLY 229.99 Air-cooled motor lias neutral start, pivots 180° to reverse. Tank is b u i l t - i n , c'onnt'L'l^ easilv l ruinute lank. SAVE 34" W. FIREPLACE, 22V4" FIREBOX Mnde of solid cast iron with velvety black finish. 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