The Colorado Independent,2020
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Tag: Middle East unrest
Observers of the century-long quest to extract oil from the shale rocks of Colorado’s Western Slope are fond of saying “oil shale is the fuel of the future … and always will be.” Never commercially viable because of the costs and resources needed to heat and extract the kerogen trapped in the rocks, an estimated 2 trillion barrels of shale oil remains locked up – perhaps forever.
With crude oil prices creeping back toward $100 a barrel and unrest racking the Middle East from Egypt – where 3 million barrels of mostly U.S.-bound oil passes through the Suez Canal each day – to Bahrain, home to the U.S. Navy’s 5th Fleet, it’s not surprising there’s renewed interest in Colorado’s vast oil shale reserves.