The Eagle. Ford is “shale oil” not “oil shale” (kerogen) like the Green River Formation. You are falling for the same misinformation that I spoke about in my earlier posts.
OK...Thanks....but if they can get it out from 2000 ft with steam injection....that’s going to be a lot of water.....tanker drivers pick up the phone...there’s going to be lots of work.
Green River Formation, kerogen that must be produced by mining and high heat in at a very high cost. They have been working on this idea since the 60’s and it seems every time that the price of oil gets high enough to make it economically viable the costs go up. Maybe some day, but not at today’s price of oil.
http://en.wikipedia.org/wiki/Oil_shale
Eagle Ford, real oil that can be produced economically by horizontal drilling and multistage fracking. BTW fracking is NOT a new technolgy, we have been doing it safely without any environmental damage since the 1940’s.
http://en.wikipedia.org/wiki/Eagle_Ford_Formation