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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (51056)	5/10/2014 8:25:48 PM
From: Wharf Rat	Read Replies (1) \| Respond to of 86355

Like this? Billions of barrels • Nearly three-fourths of the world's kerogen-bearing shales occurs in the United States. Most of it is in the Green River Formation under northeastern Utah and neighboring territory in Wyoming and Colorado, deposited during the Eocene when vast lakes covered the region. Algae settled to the lake beds, blended with sediments, and transformed into kerogen, an "immature" hydrocarbon that becomes oil when heated. The federal government estimates these deposits represent more than 4 trillion barrels of oil and about 800 billion are technically recoverable — more than triple Saudi reserves. There is enough kerogen in Uinta Basin's shale to fill 1.32 trillion barrels. According to the Utah Geological Survey, however, "only" 77 billion barrels are economically recoverable, or enough to satisfy national demand for 11 years at current rates of consumption. While environmentalists deride oil shale as "dirty fuel," Utah's political leadership is eager to tap it. "It will be very good for the state. They [Enefit officials] are talking about 2,000 direct jobs," says Uintah County Commissioner Mike McKee. "When you are in mining, these become more permanent jobs. They are good-paying jobs. And you get a multiplier effect. Look at what those revenues and severance taxes can do for education and balancing the state budget." sltrib.com