Posted by
Sam T. Mullins on Friday, July 25, 2008 8:28:06 AM
Excert Quote:
http://www.fossil.energy.gov/programs/reserves/npr/publications/npr_strategic_significancev1.pdf
Strategic Significance of America’s Oil Shale Resource
Volume I Assessment of Strategic Issues
March 2004 Final Report
Prepared for:
Office of Deputy Assistant Secretary
for Petroleum Reserves
Office of Naval Petroleum and Oil Shale Reserves
U.S. Department of Energy, Washington, D.C.
Because of its magnitude and richness, oil shale in past years elicited more than a billion dollars in investment. Investment attractiveness is a necessary requisite of future development.
The unconventional resources of the U.S. oil shale and Canadian tar sands are larger than total world resources of conventional petroleum.
Oil produced from tar sands and oil shale will become increasingly attractive to supplement conventional crude supplies.
With a resource base of more than 1 trillion barrels, the United States has the richest deposits of oil shale in the world.
When developed, shale oil resources will be similar to Alberta tar sand. Between the two Countries, the United States and Canada will be able to claim the largest oil reserves in the world, and these reserves will support secure liquid fuels production for decades to come.
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