Oil Shale Development in the United States: Prospects and by James T. Bartis, Tom LaTourrette, Lloyd Dixon, D. J.
By James T. Bartis, Tom LaTourrette, Lloyd Dixon, D. J. Peterson, Gary Cecchine
Within the early Nineteen Eighties, and govt took a troublesome examine the economics of extracting oil from colossal deposits of shale that lie underneath the western usa. Oil costs subsided, and curiosity waned. With oil costs spiking and worldwide call for displaying no indicators of abating, reexamining the economics of oil shale is sensible. during this file, the authors describe oil shale assets; suitability, expense, and function of recent applied sciences; and key coverage matters that have to be addressed via executive decisionmakers within the close to destiny.
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Extra info for Oil Shale Development in the United States: Prospects and Policy Issues
Sample text
4, we show the development of an oil shale industry as a four-stage process. Currently, oil shale commercialization is in the first phase, namely, research and development. 21 We estimate the duration of this phase to be at least six years, considering the time required to obtain permits, design and construct a demonstration capable of producing 1,000 to 5,000 barrels per day, and obtain technical and environmental data required for the design and permitting of a first-of-a-kind commercial operation.
Any decrease in oil supplies arising from political disruptions in the Middle East would cause world oil robin prices to increase, including prices charged by our alternative suppliers. S. military. S. military, it does not necessarily follow that higher domestic production will increase this reliability. Oil is produced by many different countries in many different parts of the world. It seems highly likely that as long as this is the case, the military can buy the fuel it needs on the open market.
23 ____________ robin 22 This calculation assumes that initial commercial operations will produce 200,000 barrels per day of production capacity. 23 This analysis of production growth is technology-independent, holding for both mining and surface retorting as well as in-situ approaches. However, how the issues raised in Chapter Five are ultimately resolved will very much depend on which technology options are commercially viable. robin-bobin robin-bobin robin robin-bobin robin-bobin CHAPTER FOUR The Strategic Significance of Oil Shale This chapter examines the strategic significance to the United States of developing oil shale.