posted on Jul, 14 2010 @ 06:10 PM
The United States has the largest known deposits of oil shale in the world, according to the Bureau of Land Management and holds an estimated 2,500
gigabarrels of potentially recoverable oil, enough to meet U.S. demand for oil at current rates for 110 years. However, oil shale does not actually
contain oil, but a waxy oil precursor known as kerogen. For this reason and because there is not yet any significant commercial production of oil from
oil shale in the United States as of 2008, its oil shale reserves do not meet the petroleum industry definition of proven oil reserves. So the fact
that there is at least two hundred billion barrels of recoverable oil logic is that there is an even larger amount of oil shale in the area.
Nice quote. Anyone know the source?
Are we (U.S.) depleting Middle East reserves and ultimately Argentinas (since they now have over $500 billion barrels in reserves, twice the previous
estimate) and THEN we will have the worlds supply in our Western States?