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Of course it is.
Mon Aug 15, 2011 8:19am

And yet the processing of it is very profitable (it's called "fracking" - water under pressure is squirted down the well, and the oil/water mixture is the separated. Not real hard to do, because oil and water don't mix real well).

And then, as I pointed out to Mike, there are many, many wells ready to produce WITHOUT fracking; found, drilled, brought in, - and capped off because of government red tape.

  • i think oil will be over far soonermatthew, Sun Aug 14 1:21pm
    because of 5 billion people in asia, africa, south ameria all buying cars & suvs. and btw, oil shale is very expensive to process.
    • For decades it was not economical to collect our vast reserve of oil from our sands with the available technology back then. With the latest technology it became cheaper and faster to extract that... more
      • Oil shale already viable.Lewis, Fri Aug 19 8:15am
        They're doing it now in the Eagle-Ford formation, in which my wife has a very small financial interest. It's simple: Oil and water don't mix - so water is forced into the shale, the oil floats to the ... more
    • Of course it is. — Lewis, Mon Aug 15 8:19am
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