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Thursday, 6 October 1927

Senator GRANT (New South Wales) . - I think I am correct in saying that a good deal more than a million pounds has been lost by the Commonwealth Oil -Corporation in the Wolgan Valley, because up to the present it has not devised any scheme of successfully extracting oil from shale. This is the trouble in Tasmania.

Senator Elliott - Why have the works been declared "black?"

Senator GRANT - I am not aware that the Commonwealth Oil Corporation has been declared black. One outstanding fact is that although the Common- wealth Government offered the company a subsidy of so much per gallon, it has failed to discover a satisfactory method of extracting oil from shale.

Senator Ogden - It cannot extract it « on a commercial basis.

Senator GRANT - No. It is not a question of keeping the shale out of use. The trouble is the inability, up to the present, to devise any satisfactory scheme for the extraction of oil from the Wolgan deposits. We cannot possibly hope to compete, for the time being, with the oil producing companies in the United States of America. I understand that the shale in the Wolgan valley is exceedingly rich in oil, but so far no process has been devised for its extraction on a commercial basis.

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