Prospects for the near-term commercialization of shale oil in the United States

Gregg Marland

Energy, 1979, vol. 4, issue 6, 1161-1174

Abstract: Although the United States has large resources of shale oil, several decades of development effort have yet to result in a viable industry. Because both the cost of the oil and the environmental impact of its production are not well known and seem to remain perennially at the margin of acceptability, the matter of commercialization has become a political issue. A variety of economic incentives and government programs to encourage commercial development have been proposed—some implemented—and several industrial corporations are proceeding cautiously. Conflicting political, economic, and environmental views, however, continue to preclude a decisive commitment, and it does not appear at this time that significant quantities of shale oil will be available in the next decade or probably even longer.

Date: 1979
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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:4:y:1979:i:6:p:1161-1174

DOI: 10.1016/0360-5442(79)90106-3

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