Feds take deliberate approach to oil shale leasing
DENVER – A federal official says the government is taking a deliberate approach in the second round of leases for oil shale research on public land in Colorado and Utah.
Alan Gilbert, a senior adviser to Interior Secretary Ken Salazar, said Friday that state and federal experts will review the applications for the new round of research and development leases.
He said during an oil shale forum that federal officials will look closely at the proposals’ economic and technical feasibility.
The Bush administration approved six 160-acre leases for research in 2007. Salazar made changes to the second-round of leases first offered by the Bush administration.
The government estimates that shale under Colorado, Utah and Wyoming holds more than 1 trillion barrels of oil, but the technology to extract it is still experimental.
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