Shale industry scales back potential in region

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COMMENTS

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New information?  Same old news, actually.  “The fuel of the future…and it always will be.”

Industry has never found a commercially viable way to produce oil from oil shale, which is not to be confused with shale oil. We have oil shale in Colorado. North Dakota has shale oil—they are different, but easily confused. The only news in this story is that industry is getting a bit more realistic, but when I was a banker in Chicago (Late 1960’s) I remember putting some stock certificates into our vault. They were speculative stocks then and they are speculative stocks now. If I were an investor I’d be putting my money into solar or wind power—that’s the future of energy, not rocks that burn.

You’ve got an incorrect fact: “Colorado, Utah and Wyoming all are in the upper basin of the Colorado River and are required under an agreement with lower-basin states to deliver 75 million acre feet of water per year,” is not the obligation, it’s 75 million over a running 10-year average.



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