One more step toward energy independence.
Bush Administration to Propose Rules for Oil Shale Leases
Monday, July 21, 2008
WASHINGTON — The Bush administration wants to set the stage before leaving office for developing oil shale, rocky deposits in the western U.S. that could eventually yield 800 billion barrels of oil, according to government estimates.
The Interior Department is scheduled to unveil proposed regulations Tuesday for a program to sell oil shale leases on federal lands, similar to the leases sold now for oil and natural gas both on and offshore.
The shale is concentrated in...(complete article here).
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