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Oil Shale Reserves - Stinky Water, Sweet Oil

Report from The Daily Reckoning about the possibility of oil shale becoming the saviour of the oil industry.

 

    "Extracting oil from the shale is no simple task. The earliest attempts to extract the oil utilized an environmentally unfriendly process known as "retorting." Stated simply, retorting required mining the shale, hauling it to a processing facility that crushed the rock into small chunks, then extracted a petroleum substance called kerogen, then upgraded the kerogen through a process of hydrogenation (which requires lots of water) and refined it into gasoline or jet fuel."

 

 

 

 

 

 

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