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Bush Tries to Kickstart U.S. Oil Shale Development
113 views | 10 Recommendations | 6 comments
Before Bush leaves office, he is finalizing regulations to control the commercial development of oil shale on federal lands; not addressing the evnironmental concerns and impact on the land after tapping the resources.
The project will be governed by the US Interior Department Bureau of Land Management and will look at what the rules should be for commercial oil shade development.
The land in question is mostly based in Colorado, Utah and Wyoming - areas rich in shale, and some experts predict that about 800 billion barrels of oil could be found there.
That is enough to displace foreign oil imports for more than a century, said Stephen Allred, the Interior Department's assistant secretary for land and minerals management.
"Production from domestic resources makes us more secure and less vulnerable to future energy crises, and increases our security and economic well-being," Allred said. "The tremendous oil shale resources that we have in the U.S., containing several times the oil reserves of Saudi Arabia, can be a vital component of that secure future."
But Allred acknowledged commercial technology to economically tap the resource does not exist and could be a decade away from reality.
"It is going to be some time," Allred told reporters on a telephone briefing.
That is one reason the decision to issue the rules has irked environmentalists and some Democratic lawmakers, who also worry about the massive outlays of water and energy needed to convert compounds in sedimentary rocks into synthetic crude oil.
November 18, 2008 at 03:36 pm by amyjudd, 113 views, 6 comments





Most RecentMost Recommended Comments (6)
at 19:02 on November 18th, 2008
It would seem to me that wherever we extract fossil fuels we are damaging the environment. I guess Democrats and environmentalists only complain when we harm OUR environment...LOL!
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AdagioatMSNat 18:18 on November 19th, 2008
Formation in canyon wall at Capitol Reef National Park, Utah
AdagioatMSN has contributed a photo to this story.
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catchicken9at 20:30 on November 19th, 2008
This is the Fravert Basin Valley just southwest of the Maroon Bells by Aspen Colorado
catchicken9 has contributed a photo to this story.
at 20:44 on November 19th, 2008
There seems to be a pattern emerging here ...
http://my.nowpublic.com/environment/epa-moves-ease-air-rules-parks
at 23:05 on November 19th, 2008
Sorry I missed this post as it came out.
at 11:13 on November 20th, 2008
Shame you Bush. Please go