May 12, 2012

#GAO smokes crack on #Shaleoil

In what world, other than that of the RAND report it uncritically passed on, does the Government Accountability Office believe 30-60 percent of shale oil on the Western Slope is recoverable?

Ohh, maybe at $300/bbl oil, and the wet dream of southwesterners of tapping the Columbia River, the Great Lakes, or both for water.

Short of that? Not a chance.

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