Oil Shale Development in the United States

Oil Shale Development in the United States PDF

Author: James T. Bartis

Publisher: Rand Corporation

Published: 2005-09-16

Total Pages: 89

ISBN-13: 0833041002

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In the early 1980s, industry and government took a hard look at the economics of extracting oil from vast deposits of shale that lie beneath the western United States. Oil prices subsided, and interest waned. With oil prices spiking and global demand showing no signs of abating, reexamining the economics of oil shale makes sense. In this report, the authors describe oil shale resources; suitability, cost, and performance of new technologies; and key policy issues that need to be addressed by government decisionmakers in the near future.

Oil and Gas

Oil and Gas PDF

Author: United States. Government Accountability Office

Publisher:

Published: 2012

Total Pages: 0

ISBN-13:

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New applications of horizontal drilling techniques and hydraulic fracturing, in which water, sand, and chemical additives are injected under high pressure to create and maintain fractures in underground formations, allow oil and natural gas from shale formations (known as 'shale oil' and 'shale gas') to be developed. As exploration and development of shale oil and gas have increased, including in areas of the country without a history of oil and natural gas development, questions have been raised about the estimates of the size of these resources, as well as the processes used to extract them. GAO was asked to determine what is known about the (1) size of shale oil and gas resources and the amount produced from 2007 through 2011 and (2) environmental and public health risks associated with the development of shale oil and gas. GAO reviewed estimates and data from federal and nongovernmental organizations on the size and production of shale oil and gas resources. GAO also interviewed federal and state regulatory officials, representatives from industry and environmental organizations, oil and gas operators, and researchers from academic institutions. GAO is not making any recommendations in this report. We provided a draft of this report to the Department of Energy, the Department of the Interior, and the Environmental Protection Agency for review. The Department of the Interior and the Environmental Protection Agency provided technical comments, which we incorporated as appropriate. The Department of Energy did not provide comments.