,
By using this website you allow us to place cookies on your computer. Please read our Privacy Policy for more details.
Publication Date: July 2009
Publisher: National Center for Policy Analysis (U.S.)
Author(s): H. Sterling Burnett; Tomas Castella
Research Area: Economics
Keywords: Oil
Type: Brief
Abstract:
Rising prices and security concerns raise important questions about America's energy options. Currently, the United States imports 66 percent of its oil - about 4.7 billion barrels per year or 9,000 barrels every minute. However, there are vast amounts of oil shale - a type of rock rich in kerogen, an organic sedimentary material - which can be converted into high-quality liquid fuels.