Utah Senators Want Oil Shale Developmentadmin
July 3, 2008 – Posted in Oil and Gas
Utah’s Republican senators say Congress is set to extend a moratorium on commercial oil-shale development on federal land for another year.
Sens. Orrin Hatch and Bob Bennett want to let the moratorium expire at the end of September and let companies develop shale as an alternative fuel.
Hatch and Bennett said deposits in Colorado, Utah and Wyoming hold the potential to lead the country to energy independence.
Industry officials said they are years away from developing oil shale on a commercial scale but need Congress to establish the ground rules before committing billions of dollars.