Oil shale: Real, or just a mirage?

Various signs hint that shale oil’s ‘time’ may be closer than ever; companies jumping on bandwagon in U.S. and overseas

F. Jay Schempf

Petroleum News Contributing Writer

After decades of unsuccessful attempts to produce oil commercially from more than a trillion barrels entrained in U.S. oil shales, producers — and powerful U.S. lawmakers — are today reviving the prospects of developing this vast resource. The majority of the oil shales lie in Colorado, Utah and Wyo....

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