Environmental Groups Want Oil Shale Development Slowed Down

Environmental Groups Want Oil Shale Development Slowed Down

www.rigzone.com

Rep. Mark Udall (D-Colo.) and environmental groups are on the same page when it comes to curbing the Bureau of Land Management's ability to approve commercial oil shale leases next year: They want to revoke the authority.
Udall is concerned the current push for oil shale development could mirror the sudden bust when Exxon pulled out of the Colony Shale Oil Project in 1982.

"Let's not produce the mistake that resulted in Black Sunday," Udall told reporters after a House Energy and Mineral Resources Subcommittee hearing yesterday.


At issue is a 2005 Energy Policy Act provision that directs BLM to seek commercial oil shale leases even as the agency issues research and development leases and grants on public lands in Colorado, Utah and Wyoming.

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When will the lunacy end? they do not want Drilling in Alask for oil now Colorado and Utah who more then likely might be sitting on top of the biggest oil find in world history, said to be in the Trillions with a T barrels of oil :shk:

www.rigzone.com
(visit the link for the full news article)

[edit on 4/19/2007 by shots]