
WASHINGTON, Aug. 25 (UPI) -- Washington is throwing up roadblocks to the development of oil shale, which could meet domestic demands for the next 200 years, a lawmaker said.
U.S. Rep. Doug Lamborn, R-Colo., charged U.S. President Barack Obama has repeatedly gotten in the way of oil shale development in the country.
The World Energy Council in a 2007 report said the Green River oil shale deposit in the western United States contains an estimated 1.5 trillion barrels of oil shale deposits. Colorado reserves are estimated at 1 trillion barrels.
Lamborn said that instead of promoting technology needed to utilize the resources, Obama has "stonewalled" oil shale production.
Gary Aho, a representative from the National Oil Shale Association, told lawmakers his industry "needs a clear, consistent federal program and a national commitment to develop oil shale."
The WEC in its report said the "bottom line" in developing oil shale depends on the price of crude oil.
Oil shale is found in sedimentary rocks. Extraction involves open-pit mining, release of greenhouse gases and poses environmental concerns from waste material.
|
|
|
|
|
|
| Additional Energy Resources Stories | |
BUENOS AIRES, May 21 (UPI) --
To the joy of neighboring rivals, Argentina's beef exports are dwindling and traders blame government policies.
|
MUSCAT, Oman, May 21 (UPI) --
The Persian Gulf sultanate of Oman is set to buy a $2.1 billion missile system built by the U.S. Raytheon Co. as part of a U.S. drive to install a coordinated air-defense system linking the region's Arab monarchies to counter Iran.
|
Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
|
Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
|
| Stories | Photos | Comments |
View Caption