The U.S. Geological Survey, the testimony said, "estimates that the Green River Formation contains about 3 trillion barrels of oil, and about half of this may be recoverable, depending on available technology and economic conditions.
"The Rand Corp., a nonprofit research organization, estimates that 30 to 60 percent of the oil shale in the Green River Formation can be recovered,"
Looks like you have a difference of opinion with the Rand Corporation and the USGS.
--the only money made in oil shale was when Arco sold Parachute to Exxon, who took a multi-million dollar bath on it within a few years---
-- depending on available technology and economic conditions.--covers a lot of ground---judging by what we were looking at for recovery costs thirty years ago, my off-hand opinion would be that $200/bbl might be one of the "economic conditions"--