2007-11-05 03:35:11 · 3 answers · asked by DON 1 in Science & Mathematics ➔ Earth Sciences & Geology
I believe that it is in fact is economical to extract but it requires a lot of energy and doesn't have much return. It requires a lot of capital and oil companies aren't too eager to get into it. With the political climate, they would be castigated as polluters. Canada is extracting much of its oil from similar deposits.
2007-11-05 04:31:53 · answer #1 · answered by JimZ 7 · 0⤊ 0⤋
It's still there, but the cost of the extraction process made it not economically feasible to develop as an energy source. The good news is that if the cost of oil keeps rising, eventually it will become economically viable to produce oil from the oil shale. Unfortunately, that's also the bad news.
2007-11-05 11:44:31 · answer #2 · answered by utarch 5 · 1⤊ 0⤋
don't hold your breath. it isn't economically feasible yet. the big oil companies will drain every drop out of the ground before they tackle that,.
2007-11-05 12:07:20 · answer #3 · answered by Loren S 7 · 0⤊ 1⤋