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Politics : BuSab -- Ignore unavailable to you. Want to Upgrade?

To: grusum who wrote (4553)	8/8/2010 5:04:35 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 23934

I agree with all of that. I'd also remove every obstacle to researching and developing oil shale production. The Green River Valley has huge deposits of oil shale. I actually have some on my desk that I picked up in a trona mine at about 1600' deep. Estimates are that world oil shale reserves are about 3 trillion barrels. Of which, the US has 62% of those reserves. We are a long way from being able to economically exploit oil shale, but let's get started on it now. Current costs to produce 1 barrel of oil from oil shale is about $80. So it isn't quite so attractive now. But if oil goes back to $150/brl there is a good argument to ramp up production.