Oil Quizz !

A very nice quote coming from a very nice public document, could you guess the year ?

“8. Proceed with leasing of shale lands. There are very substantial oil
reserves—estimates run as high as a trillion barrels—in the oil shales
of the West. The cost of production is high, the water requirements are
enormous, and the problems of disposing of the waste material have
not been solved. The Department of the Interior has a program to lease
six 5,120 acre tracts, two each in Colorado, Utah and Wyoming. (This
is less than 0.3% of the shale lands in these three States). It is expected
that these leases will result in the development of technology so that
shale can be an important long term source of energy for the US. Environmentalists
have opposed this program.”



 

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