There’s less oil-shale in Utah than they thought – still a lot, but that doesn’t mean much, it’s not a viable energy option taking more energy to bring to market than it contributes to the market.
Utah downgrades its oil-shale estimates – Salt Lake Tribute
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Not only is there far less than was “guestimated” in the 1960’s (yikes), it would have to sell for $200 a barrel to make it viable on the market. Think diesel is too high now?
And here, in 2008, there still isn’t appropriate technology to render it at any cost. What a ruse.
http://en.wikipedia.org/wiki/Oil_shale or
Estonia and China have well-established oil shale industries, and Brazil, Germany, Israel and Russia also utilize oil shale.
I didn’t read the whole article above but thought it might be an interesting read.