http://www.latimes.com/news/nationworld/nation/la-na-sh... U.S. Backs Squeezing Oil From a Stone
# Seeing potential in shale, Interior is opening federal lands to industry. But extraction methods are unproven, and in Colorado some see risks.
By Julie Cart, Times Staff Writer
MAHOGANY TEST SITE, Colo. — Tucked into a ravine and hidden behind ridges standing like stony sentinels is the site of Shell Oil Co.'s ultra-experimental, highly anticipated 30-year project to unlock oil from vast underground beds of rock.
Here, on this sweeping plateau in western Colorado, the Bush administration has fixed its hopes for the next big energy boom: oil shale, which the U.S. Department of the Interior praises as an "energy resource with staggering potential." Members of Congress have described the region as the Saudi Arabia of oil shale.
Legislation recently signed by President Bush instructs the Interior Department to lease 35% of the federal government's oil shale lands within the next year; provides tax breaks to the industry; reduces the ability of states and local communities to influence where projects are located; and compresses multiple, lengthy environmental assessments into a single analysis good for 10 years.
Oil shale is immature rock that, left alone, would require millions of years of natural heating to produce oil.
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