U.S. oil shale reserves in the USA total 1.5 trillion barrels of oil – more than five times the reserves of Saudi Arabia. What was once prohibitively too expensive to produce when oil from the Middle East was $25 – 40 a barrel is now ridiculously cheap.
Shell seems to care. Exxon doesn’t. Exxon shut down its Colony Oil Shale project in May of 1982. Imagine having so much oil we could tell the assholes of the world to go fuck themselves. The entire geopolitical landscape would change.
Most of our shale reserves are under the control of the U.S. government since a Congressional act in 1910, the Pickett Act, authorized President Taft to set aside oil bearing land in California and Wyoming as fuel sources for the Navy. From 1910 to 1925 the Navy developed the Naval Petroleum and Oil Shale Reserves Program and it became official in 1927. Roosevelt expanded the program in 1942 as we mobilized for WWII.
So where do we stand today? Maybe it’s time to make Congress earn their paychecks.
Shell seems to care. Exxon doesn’t. Exxon shut down its Colony Oil Shale project in May of 1982. Imagine having so much oil we could tell the assholes of the world to go fuck themselves. The entire geopolitical landscape would change.
Most of our shale reserves are under the control of the U.S. government since a Congressional act in 1910, the Pickett Act, authorized President Taft to set aside oil bearing land in California and Wyoming as fuel sources for the Navy. From 1910 to 1925 the Navy developed the Naval Petroleum and Oil Shale Reserves Program and it became official in 1927. Roosevelt expanded the program in 1942 as we mobilized for WWII.
So where do we stand today? Maybe it’s time to make Congress earn their paychecks.
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