,Oil from Stone: Securing America's Energy Future

Oil from Stone: Securing America's Energy Future


 

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.