Oil shale has been the “Next Big Thing” in Colorado for over a 100 years. 2011 could be the year that a company proves to itself and the world that the resource can be produced economically in an environmentally sound way. Here’s a short report from Bloomberg Business Week. From the article:
One of three companies with federal leases to research and develop oil shale in Colorado said it plans to start testing its technology early next year. American Shale Oil said it’s building a processing facility west of Rifle in western Colorado. The company expects to employ about two dozen people during the research phase.