[Para-Ord.45]

There are approximately 3 TRILLION barrels of oil in oil shale reserves, world-wide. Of that 3 TRILLION barrels, the US has at least 62% of proven oil shale reserves, or about 2 TRILLION barrels.
The cost to refine that shale is estimated to stabilize around $50 per barrel.

Why are the democrat/socialists against US energy independance ?

[SAJ]

You get all kinds of estimates about LT production costs from shale. Shell were talking up $36 after 5 years, then raised it to $38-40. Chevron think (or, at least, have thought) that their microwave process is even less costly.

I've always thought these were lowball numbers, but, notwithstanding, $50 sounds pretty high.

Of course, who's to know what extraneous costs the bozos in goobermint will impose on this production, eh?