Monday, July 14, 2008

Shale Oil Perspectives

North America also contains enough coal and oil sands to supply even more trillions of barrels of oil equivalent, on top of the oil shale reserves.
Can shale oil be developed economically? At today's prices, of course. A few years ago it was estimated that shale oil development would be competitive at around $40 a barrel. That figure may have risen a bit, but with world oil prices over $140 a barrel, shale oil development is a no-brainer.

...shale oil development is being blocked by Nancy Pelosi, Harry Reid and the Democrats in Congress. The future of America's economy is at risk as a result. _Source



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