Great post on The Hill’s Congress Blog by API’s Emily Kennedy, bringing attention to another vast U.S. resource: oil shale.
This is oil derived from sedimentary rock that contains a solid material (kerogen) that converts to liquid oil when heated. We’ve got enormous deposits in Colorado, Utah and Wyoming, with estimates that up to 800 billion barrels could be recoverable – almost three times Saudi Arabia’s proven oil reserves. Kennedy:
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“The president is right: an all-of-the-above approach is the best path for securing America’s energy future. In oil shale, the United States has another vast energy resource that can’t be dismissed – one that would be best developed by industry and the marketplace, guided by clear policies and a stable regulatory regime.”