Page added on August 8, 2011
U.S has the world’s largest oil shale and coal reserves
Albanian__Minerals President and CEO Sahit__Muja said “The U.S, energy inidependence is absolutely possible if we invest in innovative technology”.
“Investing in clean energy oil shale, natural gas, coal would create an estimated 20 million new jobs in U.S”.
The USA, the land of the opportunity that has attracted millions of emigrants worldwide has a huge potential to remain the world’s richest and most powerfull country in the planet for thousands of years to come.
Albanian__Minerals President and CEO Sahit__Muja saying that “The US can cut 100% on its foreign oil dependence by investing in oil shale, natural gas, coal, wind and solar power”.
Albanian__Minerals President and CEO Sahit__Muja as long as we’re going to use oil, natural das, coal then we might as well work to draw it from home, or as close to it as possible .
New technology, including a process called hydraulic fracturing, enables the tapping of natural gas sources in the previously cost-prohibitive U.S. regions of Appalachia, the Mid-Continent, the Gulf Coast, and in the Rocky Mountains.
U.S. natural gas reserves have increased 23 percent, mostly on the ability to access those new sources, with estimated reserves totaling 1,898 trillion cubic feet as of the end of 2010.
The United States has the largest known deposits of oil shale in the world, according to the Bureau of Land Management and holds an estimated 2.175 trillion barrels of potentially recoverable oil.
Oil shale does not actually contain oil, but a waxy oil precursor known as kerogen .
The U.S coal reserves stand at 275 billion tons, an amount that is greater than any other nation in the world capable of meeting domestic demand for more than 250 years.
5 Comments on "WSJ: US has the world’s largest oil shale and coal reserves"
PrestonSturges on Mon, 8th Aug 2011 2:33 pm
I like to see a map indicating how much of the United State would be rendered uninhabitable by the endless strip mines used to extract these low quality resources.
Energy independence? Mountaintop removal time ten! We would quickly excavate an area the size of Pennsylvania, creating vast regions that can’t produce food or water.
Kenz300 on Mon, 8th Aug 2011 3:27 pm
Brought to you by the oil and coal industry lobby and the Murdock owned WSJ.
Hmmmm.
MrEnergyCzar on Mon, 8th Aug 2011 9:47 pm
Once we start converting coal to liquids, life as we know it is over….
James A. Hellams on Mon, 8th Aug 2011 11:03 pm
This sounds like a lot of oil. However, you have to look at the consumption side.
Compared to the worldwide demand for oil, that is expected to reach 33.6 billion barrels per year, by 2012; this oil reserve, if it can be developed, would last just 65 years!
James A. Hellams on Mon, 8th Aug 2011 11:43 pm
For those of you who think oil can be produced at 100 million barrels per day for a long time, this oil reserve would last just 59.6 years compared to that worldwide demand of 36.5 billion barrels per year!