
Government estimates put the recoverable oil from shale at 800 billion barrels, more than three times the proven reserves os Saudia Arabia. The U.S. is the Saudi Arabia of oil shale. We estimate that oil has to reamina at between $70 to $100 to justify the expense of extracting oil from shale.
The companies have the challenge of doing this without contaminating the groundwater. They must also figure out how to produce the energy needed to heat the shale without producing huge greenhouse gas emission. Maybe a small nuke plant would work. (The New York Times)
No comments:
Post a Comment