Energy in America: Oil Shale – Boom or Bust?
By John Roberts
Published July 13, 2011
With all the talk that global oil production has reached its peak, and will only slowly decline from here, you may be surprised to learn that there is a vast untapped reserve that could possibly yield 1.4 trillion barrels of oil, enough to supply the daily oil needs of the United States for 191 years.
And where is this incredible reserve –The Middle East, Russia or Brazil? None of the above. It’s right here in the U.S. Specifically, in the great open spaces of Colorado’s Piceance Basin and the Uintah Basin in Utah.