According to E&E Times, last week, the House killed funding for oil shale research in the 2013 energy and water spending bill. Had the funding been left in place 25 million dollars would have been allocated for oil shale R&D. It was a close vote, 208 to 207, but the funding was eliminated.
People in Parachute, Colorado remember all too well the Black Sunday on May 2nd 1982 when Exxon suddenly closed its oil shale development there. Over 2,000 people found themselves out of work.
People still don’t trust oil shale, and given the story of Parachute, Colorado, one can understand why. Heretofore, oil shale has been too difficult to extract and required too much energy and water to make it viable energy source.