Its OIL SHALE..not Shell..I was just goin off how i sounded to my dad..but check this out
http://en.wikipedia.org/wiki/Oil_shaleOil shale, an organic-rich fine-grained sedimentary rock, contains significant amounts of kerogen (a solid mixture of organic chemical compounds) from which liquid hydrocarbons can be extracted. Kerogen requires more processing to use than crude oil, which increases its cost as a crude-oil substitute both financially and in terms of its environmental impact.[1][2] Deposits of oil shale occur around the world, including major deposits in the
United States of America. Estimates of global deposits range from 2.8 trillion to 3.3 trillion barrels (450 ื 109 to 520 ื 109 m3) of recoverable oil.[2][3][4][5]
Estonia and China have well-established oil shale industries, and Brazil, Germany, Israel and Russia also utilize oil shaleDuring the early 20th century, the crude-oil industry expanded. Since then, the various attempts to develop oil shale deposits have succeeded only when the cost of shale-oil production in a given region comes in below the price of crude oil or its other substitutes. According to a survey conducted by the RAND Corporation, the cost of producing a barrel of oil at a surface retorting complex in the United States (comprising a mine, retorting plant, upgrading plant, supporting utilities, and spent shale reclamation), would range between
US$7095 ($440600/m3, adjusted to 2005 values). This estimate considers varying levels of kerogen quality and extraction efficiency. In order to run a profitable operation, the price of crude oil would need to remain above these levels. The analysis also discusses the expectation that processing
costs would drop after the establishment of the complex. The hypothetical unit would see a cost reduction of 3570% after producing its first 500 million barrels (79ื10^6 m3). Assuming an increase in output of 25 thousand barrels per day (4.0ื10^3 m3/d) during each year after the start of commercial production, RAND predicts the costs would decline to $3548 per barrel ($220300/m3) within 12 years. After achieving the milestone of 1 billion barrels (160ื10^6 m3), its costs would decline further to
$3040 per barrel ($190250/m3).[33][38] Some commentators compare the proposed American oil-shale industry to the Athabasca oil-sands industry (the latter enterprise generated over one million barrels of oil per day in late 2007), stating that
"the first-generation facility is the hardest, both technically and economically".[51][52]
But i say if we are sitting on more oil than saudis and politics and foreign policy always seem to play a role in our dealings with those fucks...why not just create American jobs that work out in the long run
