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The Coming Oil Gut

 
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jabailo



Joined: 20 Mar 2006
Posts: 1273
Location: Kent (East Hill), WA

PostPosted: Thu Dec 21, 2006 9:12 am    Post subject: The Coming Oil Gut Reply with quote

This article actually tells about some of the difficulties of extracting oil from shale, but also notes progress and the sheer abundance of oil from a US domestic source:

http://www.nytimes.com/2006/12/21/business/21shale.html?ei=5090&en=216b920f1ed07ad5&ex=1324357200&adxnnl=1&partner=rssuserland&emc=rss&adxnnlx=1166720908-Efxh/VmOBoNK8ij/23vwzQ

Quote:
Government estimates of recoverable shale oil in Colorado, Utah and Wyoming put the reserves at 800 billion barrels — more than triple the proven oil reserves of Saudi Arabia. So aside from Mr. Vawter, now many in Washington have their eyes on a big prize, not in small part for the promise it might hold to ease national security concerns. “It could literally shake the world,” Senator Pete V. Domenici, a Republican from New Mexico, told a recent Senate hearing.
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