America's oil shale reserves are enormous, totaling at least 1.5 trillion barrels of oil. That's five times the
reserves of Saudi Arabia! And yet, no one is producing commercial quantities of oil from these vast deposits.
All that oil is still sitting right where God left it, buried under the vast landscapes of Colorado and Wyoming.
But what if we could safely and economically get our hands on all that oil? Imagine how the world might change. The U.S. would instantly have the world's largest oil reserves. Imagine…having so much oil we'd never have to worry about Saudi Arabia again, or Hugo Chavez, or the mullahs in Tehran. And instead of ships lined up in L.A.'s port to unload cheap Chinese goods, we might see oil tankers lined up waiting to export America's tremendous oil bounty to the
rest of the world.
So you might ask the question why is this resource NOT being developed..........
A new technology has emerged that may begin to tap the oil shale's potential. Royal Dutch Shell, in fact, has
recently completed a demonstration project (The Mahogany Ridge project) in which it produced 1,400 barrels of oil
from shale in the ground, without mining the shale at all.
Instead, Shell utilized a process called "in situ" mining, which heats the shale while it's still in the ground, to
the point where the oil leaches from the rock. Shell's Terry O'Connor described the breakthrough in testimony
before Congress earlier this summer (And Congress may have an acute interest in the topic, since the U.S. government
controls 72% of all U.S. oil shale acreage):
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