Page added on July 15, 2008
To hear Bush touting Western oil shale as the answer to $4 per gallon gasoline, as he did again yesterday in the Rose Garden, you would think it was 1908 . . . or 1920 . . . or 1945 . . . or 1974. Every couple of decades over the past century, the immense reserves of the oily rock under Colorado and Utah reemerge as the great hope for our energy future.
Bush and his fellow oil shale boosters claim that if only Western communities would stand aside, energy companies could begin extracting more than 500 billion barrels of recoverable oil from domestic shale deposits. If only the federal government immediately offered even more public lands for development, the technology to extract oil from rock would suddenly ripen, oil supplies would rise and gas prices would fall.
If only.
Since the 19th century, we in the West have been trying to extract oil from the vast oil shale riches that lie under our feet. It is no easy task, and past efforts have failed miserably. Commercial oil shale development would require not only immense financial investments but also an undetermined quantity of (scarce) water from the Colorado River basin and the construction of several multibillion-dollar power plants.
Sometimes it seems that we are getting close to overcoming these barriers. But each time we near a boom, we bust. The last bust, the infamous “Black Sunday” of 1982, left Western communities holding the bill long after the speculators, Beltway boosters and energy companies had taken off.
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