The Promise and Peril of Oil Shale
The largest known oil shale deposits in the world are in the Green River Formation, which covers portions of Colorado, Utah, and Wyoming. Fully one-half of the world's oil shale lies within 150 miles of Grand Junction, Colorado, and about 80% of these reserves are on federal land. Estimates of recoverable reserves in the Green River Formation range from 500 billion to 1.53 trillion barrels. At present consumption rates, this is enough oil to satisfy 100% of U.S. demand for well over 100 years.
Development of oil shale could cause significant impacts on the Colorado Plateau. It would provide for a major economic boom, but the costs to the environment and to the rural communities of the West will be considerable and potentially irrevocable.
This event engaged the various stakeholders and interested parties in a discussion of proposals to develop oil shale in western Colorado. The full-day program addressed the technology, economics, politics, and environmental impacts of oil shale development.
Date/TimeFri, 02/05/2010 (All day)