Revived interest in oil shale makes sense
Published June 5, 2006 at midnight
If producing oil from the West's vast deposits of oil shale is feasible economically, environmentally and politically, it must and should be done. The world will be a safer place if the United States becomes the global "swing" producer that stabilizes the price of oil - the U.S., not Saudi Arabia, not the Middle East, not unpredictable third-world providers such as Nigeria or Hugo Chavez's Venezuela.
And stable prices - even more than low prices - help the economy grow steadily. It was low prices, not high ones, that turned the last oil-shale boom into a bust whose effects lingered on the Western Slope for years.
At the same time, it is prudent to make haste slowly. Avoiding boom-and-bust is important, but avoiding environmental disasters is essential. Many of the disasters whose effects still trouble us could have been avoided - had anybody cared enough at the time to try.
All that being said, the increased interest in oil shale - - as demonstrated by last week's hearing in Grand Junction organized by Sen. Ken Salazar and two colleagues- is welcome, even if commercial production is years away. Doubling the world's supply of oil will ease the eventual transition to other forms of energy.
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