We've written about the fact that the United States has by far the largest known oil shale deposits in the world. In fact our Rocky Mountain oil shale is believed to amount to as much as two trillion barrels, far more than the entire world has consumed since oil was discovered in Pennsylvania in the 19th century.
Now, one country has announced plans to develop its shale oil resources, but it isn't the United States, it's Jordan:
Energy-poor Jordan said on Sunday it was in talks with Anglo-Dutch group Royal Dutch Shell on an agreement to extract oil from the desert kingdom's 40-billion-tonne oil shale reserves.
And once that happens, USA will buy it and provide Jordan with an increased millitary & political support in the name of energy independence |