New technology is making it possible to drill for this vast oil reserve in our own backyard.
http://www.dailyreckoning.com/rpt/OilShale.html
"The technical groundwork may be in place for a fundamental shift in oil shale economics," the Rand Corporation
recently declared. "Advances in thermally conductive in-situ conversion may enable shale-derived oil to be
competitive with crude oil at prices below $40 per barrel. If this becomes the case, oil shale development may soon
occupy a very prominent position in the national energy agenda."
Estimated U.S. oil shale reserves total an astonishing 1.5 trillion barrels of oil - or more than five times the
stated reserves of Saudi Arabia. This energy bounty is simply too large to ignore any longer, assuming that the
reserves are economically viable. And yet, oil shale lies far from the radar screen of most investors.
http://www.dailyreckoning.com/rpt/OilShale.html