Shell shock: 
Rio Blanco oil shale project axed

Thanks for visiting The Daily Sentinel

Subscribers and registered users, log in to continue reading for free*

Forgot your password?    

Register to read for free! Become a subscriber

* 7-day subscribers have unlimited access to online content.
Registered users may read 12 articles per month.


Commenting is not available in this channel entry.

It’s the same old cycle, When the government vs. business climate becomes too unfavorable in the U.S , big energy companies focus more on overseas projects. Just wait until gasoline hits $8-10 a gallon. Then it will start up again. They have to have a large enough profit margin to fight all the lawsuits from the environmentalists.

Meanwhile, we will probably see Shell start a new shale development project in Jordan or Canada where the regulation is not as oppressive.

Sounds like a rational, market-based decision to me.  Seems like something the conservative free-marketeers would embrace.

It’s silly to blame the government. It simply costs too much to get the kerogen out and refine it, requires too much water in this arid west, and Shell made a business decision. That is capitalism.

Search More Jobs

734 S. Seventh St.
Grand Junction, CO 81501
Subscribe to print edition
Sign in to your account

© 2014 Grand Junction Media, Inc.
By using this site you agree to the Visitor Agreement and the Privacy Policy