Sentences with phrase «oil shale»
Oil shale refers to a type of rock that contains a substance called kerogen. This kerogen can be heated or processed to produce oil-like substances. So, when people talk about oil shale, they are referring to this special rock that can be converted into oil. Full definition
A net energy analysis including environmental cost of oil shale development in Kentucky.
theoildrum.com
Well, this one starts by opening up the North Slope of the Arctic National Wildlife Refuge to oil and gas leasing, clearing the way for oil shale development on public lands, and allowing offshore drilling on heretofore off - limits areas of the Atlanta and Pacific coasts - including, of course, California.
Biologist Sonja Wedmann, then at the Institute of Paleontology at the University of Bonn, analyzed the fossil after it was dug up from oil shale deposits in what was once a small lake formed by volcanic activity.
It's not about the environment and all about the royalties: Money Received From Leases Far Lower Than Conventional Oil Salazar called the leases «flawed» because the 5 % royalty rate paid for oil shale production on those lands «sells the taxpayers short».
The most recent energy sector development strategies until 2030 do foresee maintaining the dependency on oil shale use in power production.
Reuters also reports that, separately, a DoI spokesperson indicated that plans to further develop oil shale deposits in the several Rocky Mountain states are also continuing.
Assuming fossil fuels are used to provide the energy input for shale oil production, the net greenhouse gas impact of developing oil shale resources can also be assumed to be substantially higher than the per - unit impact of conventional oil production.
Development of U.S. oil shale resources will generate significant employment opportunities and substantial government revenues.
Estimated U.S. oil shale reserves total an astonishing 1.5 trillion barrels of oil — or more than five times the stated reserves of Saudi Arabia.
Currently companies pay 12.5 - 18.8 % to the feds for on and offshore oil development, while the lowest Interior Department proposal fixes the royalty rate for oil shale at 5 %.
Government Willing to Take a Hit on Royalties to Develop Oil Shale Production Under draft rules issued yesterday, the royalty rates which oil companies pay the federal government for drilling on public lands will be reduced for companies wishing to develop oil shale extraction in Colorado, Utah and Wyoming.
Fully implement his Executive Order 13514 requiring all resource management agencies to fully consider climate pollution, like they do other types of pollution, prior to leasing or exporting onshore and offshore oil, gas, coal, and unconventional fuels sources such as oil shale and tar sands.
Increased water use in the rapidly growing oil industry in North Dakota's Bakken oil shale region, or play, is surprisingly due not only to oil well development but also to people, according to a recent study by the U.S. Department of Energy's (DOE) Argonne National Laboratory.
«The goal of Sapphire is to produce a crude product that can be introduced into the existing crude stream for production costs that are similar to other new opportunities like oil shales, oil sands, and even deep, deep water drilling,» Jason Pyle, Sapphire's chief executive said in an interview.
In what Treehugger writer John Laumer calls the Climate Trifecta,» Bullion Monarch Mining Co., is proposing to produce oil from oil shale using coal gasification, which they label as a «clean coal» technology.
Close to Canada, North Dakota has a booming economy due to the Bakken oil shale fields located in the western half of the state.
Indeed the project is the first step in a wider programme set to exploit Jordan's estimated 40 - billion - tonne oil shale reserves.
Presumably the lower royalty rate would be place to make oil shale production more financial attractive and more of the unconventional source of fuel could be produced.
Net energy and greenhouse gas emissions analysis of synthetic crude oil produced from Green River oil shale.
The state's oil production grew tenfold over the past decade as it built a thriving oil shale industry virtually from scratch, driving unemployment to a national low and filling government coffers with surging tax revenue.
Divest from dangerous and dirty fossil fuel developments — coal fired power plants, oil shale fracking, deep - water oil drilling and Tar Sands and rapidly phase out fossil fuel subsidies;
«If oil shale energy does become commercially viable, it will be a huge new water drain,» says Dan Luecke, a Colorado - based hydrologist and Western water consultant.
And I think their share will increase in a way that will enable us not to be pushed to exploit the vast quantities of fossil fuels still in the ground, including oil shale and tar sands and much more.»
For example, if one models the cretaceous period, one should better be able to identify the regions where oil shale will have formed.
However, on the fossil fuel side, that equivalence is dominated by oil shale and sub-sea «clathrates», which may not be physically (or environmentally soundly) recoverable.
The industry also faces stiff competition from a flood of U.S. oil unleashed from oil shale formations by hydraulic fracturing, or fracking.
Though the so - called oil shale revolution has produced so much U.S. crude that Obama ended the country's forty - plus year ban on oil exports, Trump wants more.
America's oil shale revolution has occurred in spite of President Obama's attempts to block the widespread use of traditional, affordable energy resources.
Tuesday's release of proposed rules for oil shale exploration across the Rocky Mountain West by the Bureau of Land Management was merely another shot across the bow in the political blame game over $ 4 - per - gallon gas.
In last year's omnibus spending bill, Democratic leaders inserted a provision blocking oil shale leasing on federal lands.
USA: 28 billion bbl proven reserves, plus another 190 billion bbl est. technically recoverable, 3.7 trillion bbl estimated oil shale Canada: 22 billion bbl proven, 1.7 trillion bbl est. recoverable from tar sands, 250 billion bbl from shale Russia: 79 billion bbl proven, additional 50 billion bbl est. recoverable excl.
The big worry that Pierrehumbert has stated is the possibility of exploiting oil shale (not the same as shale oil).
Montana has 100 billion tons of coal so Colorado oil shales have 400 billion barrels of oil.
Company documents discovered during an eight - month investigation by InsideClimate News show that Exxon Research & Engineering estimated that producing and burning oil shales would release 1.4 to 3 times more carbon dioxide than conventional oil, and would accelerate the doubling of greenhouse gases in the atmosphere by about five years.
Trowers & Hamlins LLP, the international law firm, has advised the Government of Jordan on the structuring and negotiation of a major oil shale concession agreement with Karak International Oil, an affiliate of Jordan Energy
Second, the U.S. Department of Energy announced this week it has possibly found a better way to upgrade heavy oil, including oilsands and oil shale crude.
The recent oil shale boom was powered mostly by small firms because larger multinationals like Exxon and BP are structured for big payoff, technically - difficult projects like deep water drilling and Arctic exploration.
Right now several oil shale development companies are in various stages of insolvency or headed toward insolvency.
Free Option Upside from Its 13,000 Net Acres in the Duvernay Shale Oil Play: Point Loma has established ~ 13,000 acres (20 net sections) of land within the Duvernay oil shale window.
Estonia uses local oil shales, obtained by opencast mining and burnt in outdated and polluting plants.
THE PLAN to develop the Stuart oil shale deposit in Queensland is under way again.
They are a 90 % nat gas, 10 % oil shale E&P.
EOG is a high - quality oil shale play but with its rise, has it played out or is it still a good way to invest in the sector.