Summary
Oil prices peaked at a 13-year high Wednesday -- and experts say trends like that could make Utah's high-cost and high-risk shale oil reserves a viable fuel resource for the future. Again.
"You guys could be a hot little number again, soon," said Larry Nation of the American Association of Petroleum Geologists.See the full content of this document
Extract
Is Shale Oil Turning Viable?
The Energy Department reported that oil reached $40.77 a barrel in New York, the highest recorded price since Oct. 12, 1990, when Iraqi troops occupied Kuwait. Crude oil prices slid back down to $38.93 a ba...
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