How much shale oil in US ? 2.17 trillion (with a T) barrels

[Charmonium]

So what happens when we are not only the largest producer but the ONLY one

 

[GodisanAtheist]

War. War never changes...

 

[Iron Woode]

oil shale is simply the other side of the oil sands coin.

Vast deposits of bitumen—over 350 billion cubic metres (2.2 trillion barrels) of oil in place—exist in the Canadian provinces of Alberta and Saskatchewan. If only 30% of this oil could be extracted, it could supply the entire needs of North America for over 100 years at 2002 consumption levels. These deposits represent plentiful oil, but not cheap oil. They require advanced technology to extract the oil and transport it to oil refineries.[25]

 

[biostud]

At that point I hope EU has abandoned fossils fuels, and therefore don't give a damn.

 

[IronWing]

Exxon tried exploiting the oil shales on Colorado's western slope in the early 80s. They pulled the plug, walking away from a $5 billion investment because it wasn't going to work. That's $15 billion in current dollars.

Oil shale is about the dirtiest form of fossil fuel, probably worse than wood burning for pollution.

 

[Charmonium]

That was the 80s though. And while the concept was understood back in the 70s, it didn't become practical until the early to mid 2000s.

 

[Red Squirrel]

We have lots of oil in Canada too. The problem is, the oil is in Alberta, and the dipstick is in Ottawa.

 

[BoomerD]

Exxon tried exploiting the oil shales on Colorado's western slope in the early 80s. They pulled the plug, walking away from a $5 billion investment because it wasn't going to work. That's $15 billion in current dollars.

Oil shale is about the dirtiest form of fossil fuel, probably worse than wood burning for pollution.

I worked on the Exxon oil shale project at Parachute in the early 80s.

 

[BoomerD]

We have lots of oil in Canada too. The problem is, the oil is in Alberta, and the dipstick is in Ottawa.

I thought you lived in Timmins...

 

[dullard]

Exxon tried exploiting the oil shales on Colorado's western slope in the early 80s. They pulled the plug, walking away from a $5 billion investment because it wasn't going to work. That's $15 billion in current dollars.

Oil shale is about the dirtiest form of fossil fuel, probably worse than wood burning for pollution.

Yes it is energy intensive and dirty.

One big problem for Exxon's goal was that in the 1980s, the oil price was plunging and settled at $20/barrel or less for about a decade. An energy intensive and dirty process just is not financially feasible with low oil prices. Now if only they can just do that extraction and refining with clean energy instead of burning oil to make oil.

 

[IronWing]

I worked on the Exxon oil shale project at Parachute in the early 80s.

I traveled in the area a few weeks after Exxon pulled the plug. There was this weird disconnect between cause (no profits) and blame (greenies).