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Wednesday, Jul 23rd

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You are here News Energy Bush administration taking early step toward taking oil from vast Western shale deposits

Bush administration taking early step toward taking oil from vast Western shale deposits

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The Bush administration wants to start a process before leaving office for developing oil shale, rocky deposits in the western United States that eventually could yield 800 billion barrels of oil, according to government estimates.

The Interior Department is scheduled to unveil proposed regulations Tuesday for a program to sell oil shale leases on federal lands, similar to the leases sold now for oil and natural gas both on and offshore.

TVNL Comment: The looting mission continues.

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