Oil shale is not something one can drill. Shale rock needs to be baked and the oil is extracted via super heated coils over months of time. There is a demonstration project by Shell Oil here in Colorado that may show us how to do this in 5 to 10 years in a manner that could be profitable. The oil will likely cost more than $50/barrel but that's right in line with the current market. This shale baking process requires approx. 2.5 gallons of water to be used in cooling and providing for the population of people who will work in the extraction facilities for every gallon of oil. That's 2.5+ gallon of water to be used to produced for every gallon of shale oil. The Oil Shale located on Colorado and Utah where the average rainfall is about 16-18 inches per year. That is barley enough water to support the current population today, and the population is growing. In Colorado we would need to double our current electrical output using either coal or nuclear plants. So the simple minded folk like Newt saying "Drill, Baby, Drill!" in regards to the oil shale resources in Colorado will find that their notions of reality need a major reshaping. This has nothing to do with policy, it has everything to do with extraction technologies not yet mature, as well as power and water needs that the region will find extremely challenging, but not impossible, to acquire. At best, it will be 2015 or 2020 before we see meaningful production.









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