Forum Discussion
tomman58
Nov 10, 2012Explorer
vikrv wrote:
This 1.6 million acres mentioned is over oil shale deposits, not shale oil deposits and there is a big difference. Shale oil like in the Bakken formation under Montana and North Dakota has liquid oil in the shale, and is freed by fracking. This oil shale under Colorado does not have any liquid oil, rather, the oil in the oil shale can only be freed by cooking the oil shale that is deep underground and there is currently no demonstrated process for doing that. The Interior Department has reserved the best deposits for exploration companies but will not free up more until they have demonstrated a viable process for freeing the oil from the oil shale.
Thanks some of us aren't dipsticks. It is important to join the curve for either hybrids or the most energy efficient cars as the cost of the old fossil fuel is going no where but up. I think better infrastructure and mass transit are going to be players in the next market cycle. Green will be a priority for the next several years.
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