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10/03/2005:

"High Oil Prices Prompt New Look at Shale"

The brush-covered landscape of buttes and desert just west of the Rockies, already dotted with oil and gas rigs, could be in store for another resource boom as the energy industry turns a fresh eye toward developing oil shale.

A reserve estimated at nearly 1 trillion barrels of oil buried deep in rock formations stretching from western Colorado into northeastern Utah and southwestern Wyoming may be a way to ease U.S. dependence on shrinking foreign oil supplies. The newly enacted energy bill was written to help open the way for research programs and commercial leasing of federal land containing oil shale.

Yet shale isn't a quick panacea to the nation's energy woes. This is oil that is locked up in rock, not deposits of liquid crude that are relatively easy to tap.

Companies have spent years researching how to melt oil out of rock, but it could be 2010 before any decide whether shale mining is commercially and environmentally feasible. It takes a large amount of water to recover the oil and the process can take months.
guardian.co.uk

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