New study reveals key factors impacting economic viability of oil shale production.
The article discusses the costs of producing oil from oil shale and how different factors affect its economic feasibility. The researchers analyzed data from the National Petroleum Council to understand the key variables influencing the production cost of shale oil. They also looked at factors like leasing federal lands for oil shale extraction, water availability, and environmental regulations. The findings provide insights into the challenges and opportunities of using oil shale as a domestic energy source.