Oil Shale Pushed as Domestic Oil Source, but Many Doubts Remain
Meanwhile, falling oil prices this fall are once again raising concerns about oil shale's future, since oil prices in the $70 to $100 range are needed for oil shale to be profitable. Insiders say that big companies aren't too worried by the downward trend, since they expect prices to climb back upward over the next few years. But smaller companies looking to raise capital may find it increasingly hard to attract investment.
Reader Comments
Exxon and Chevron drill on our ranch.
Exxon and Chevron have been drilling for oil and gas on our ranch in South Texas since 1935. (as Humble and Texas Oil Co.) The place is a pit with contaminated groundwater and ongoing illegal dumping. I made a website so the world can see how big oil companies will operate if you don't keep a close eye on them. I have a daily blog and take all the photos and video and it's all going on right now. If you are going to have oil and gas companies, make sure this doesn't happen to you.
www.RanchoLosMalulos.com
Oil and gas can be a great industry. Just don't think because companies are majors that they will do the right thing.
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