New Push For Oil Shale Is Continued Failure
On May 1, 1982, nearly 10,000 people worked at Exxon’s Colony Oil Shale project on Colorado’s Western Slope. Twenty-four hours later, Exxon shut the Colony project down. Thousands of people were left jobless and the region’s economy was devastated. This week marks 30 years since the disaster at Colony; what was to become known as… Read more »
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Oil Shale: A Century of Failure
Wednesday, May 02, 2012, marks 30 years since Black Sunday hit the Western Slope of Colorado, putting thousands of people out of work and devastating the region’s economy. Just two days prior, the Checks and Balances Project released a report, which examines 100 years of failed investment in oil shale.   Executive summary Since 1917, when… Read more »
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Chevron backs out of oil shale development
On Wednesday, The Colorado Independent reported that Chevron was pulling out of oil shale development in western Colorado. “Chevron has notified the Bureau of Land Management (BLM) and the Department of Reclamation, Mining and Safety (DRMS) that it intends to divest its oil shale research, development and demonstration lease in the Piceance Basin in Colorado,”… Read more »
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