To: jazusamo
is oil shale and is prohibitive to extract because of costs. Actually, it would be quite profitable to extract it at current prices. Cost is $20/barrel. The problem is the belief that oil will drop to below $60/barrel and take away the return on investment.
9 posted on
07/08/2006 5:33:31 AM PDT by
SampleMan
To: SampleMan
Cost is roughly $37-38, per Royal Dutch Shell, this past February, regarding their in situ icepack experimental project in Colorado.
13 posted on
07/08/2006 8:25:10 AM PDT by
SAJ
(r)
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