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The old joke on Colorado’s Western Slope – in a gallows humor kind of way – is that oil shale is the energy of the future … and always will be. But Colorado congressmen Scott Tipton and Doug Lamborn say the future is now – even if the oil and gas industry isn’t quite ready.
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.