Thursday, January 7, 2010

What is the latest/best technology in extracting oil from oilshale?

So far, I've heard of Raytheon's and Shell's techniques. How many dollars per barrel can the best process yield. We have 2 trillion barrels of oil in Colorado. While I am all for alternative energy and love the environment, I believe our country will enter a crisis in a very few years if we don't find a solution.What is the latest/best technology in extracting oil from oilshale?
I personally think that this company has a good process. Some are trying to do the oil extraction below ground without mining it. The potential problem is that if they get only 50% of the oil, there may never be a way to recover the remaining 50%. In gold mining, there are a number of small operators in Colorado and Arizona who are mining the tailings (scrap after the easy gold is removed) and making money doing it.


http://www.oil-techinc.com/company.html


There are 6 or so tabs at the top describing the company and its processes. Click on them and learn more. I particularly like the news movie at:


http://abcnews.go.com/Video/playerIndex?鈥?/a>


I hope this helps.What is the latest/best technology in extracting oil from oilshale?
You got it, shell has the best and most advanced technique right now. We will never mine it, unless you want to turn colorado, wyoming and utah into a huge open-pit mine. Shell extracts the oil ';in-situ'; with minimal impact to the environment. I see a few problems with this process including the tremendous amount of power this process requires. Large power plants (probably coal) would need to be built to supply power. Additionally, it would take a couple of years after startup before oil is even removed from the shale. I think this may be a viable process one day, but not for at least 20 years. Believe it or not, oil is STILL to cheap.

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