Energy policy — oil shale: The perpetual fuel of the future is an, ‘interesting and high potential area’

A picture named oilshaledepositsutwyco.jpg

From the Colorado Independent (David O. Williams):

“All of the major companies are doing oil shale because they think it’s an interesting and high-potential area, but they’re not in a hurry to make it productive,” said Jeremy Boak, director of the Center for Oil Shale Technology and Research (COSTAR) at the Colorado School of Mines in Golden. COSTAR’s research is described on its website as “industry-driven and science-guided.”

“With [oil] prices going back up through the roof again,” Boak said, “[companies have] an awful lot of things to spend their money on and some of them more near-term than oil shale. The big budgets tend to move toward things that are a little closer in.”

Leave a Reply