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Oil Shales Investment Opportunity


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Historically, oil shale predate conventional crude. Before the First World War, these deposits were a primary source for petroleum. After the World Wars, most countries sourced liquid crude, as this was more economical. A few countries continued to use this source for both economic and strategic reasons, but they were not then in the economic mainstream, like China and Estonia. That was the situation until five years ago. The United States began an oil shale development program in 2003, resulting in a commercial leasing program being introduced in 2005, permitting the extraction of oil shale and tar sand resources on federal lands, in accordance with the Energy Policy Act of 2005, in support of President Bush’s National Energy Policy.


In response to its announcement of an oil shale research, development, and demonstration program, the Bureau of Land Management has received 19 nominations for parcels of public land to be leased in Colorado, Utah, and Wyoming. The program, advances the development of America’s oil shale to meet the nation’s energy demands. Ten nominations were received for parcels in Colorado. Parcels in Utah are included in eight applications, with one application received for land in Wyoming.


The United States holds significant oil shale resources underlying a total area of 16,000 square miles. This represents the largest known concentration of oil shale in the world and holds the equivalent of 2.6 trillion barrels of oil. More than 70 percent of American oil shale is on Federal land, primarily in Colorado, Utah, and Wyoming. The Energy Policy Act directs that public lands in these three States be made available for RD&D leasing.


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The big oil companies are clearly looking at the North American deposits. BP is considering selling all or part of its renewable energy operations, which are believed to be worth $7bn. Shell is pulling out of a $4bn wind farm in Britain and is looking to invest in Canadian oil sands, as they said they preferred to invest in more lucrative oil schemes as part of an “ongoing review of projects and investment choices” Shell already have an experimental in-situ oil shale facility in the Piceance Basin, Colorado. The in-situ method less environmentally damaging as well as a more efficient method of extraction.


The government of Saskatchewan has changed their policies. Where 50% of oil revenues went into the governments coffers, and where no interest was shown in infrastructure investments to encourage oil exploration, now have reduced the revenue to 17% and encourage oil exploration. This is where the money is to be made.


There are smaller Canadian companies with huge potential. Don't look for them on the New York Exchange, but in Canada Leaving you hanging there at the end of the article seem like a cop out, doesn't it? I couldn't do that, so I'll point you in, what I believe is the right direction.


As a former geologist, and I have been aware of these deposits for a few decades now, and have wondered why we don't read about them in the regular media While trawling across the web, I came across an interesting site I am not connected with them in any way, but I was impressed with their grasp of the situation The site is Steve Sjuggerud's Daily Wealth From what they write, it appears they have the whole situation in a nutshell, from the perspective of investment opportunities, and investment potential, of the Canadian oil sands.







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