Wednesday, May 18, 2011

Companies say profitable oil shale and tar sands technologies close

Executives from several oil shale and tar sands companies told about 100 scientists and business people Tuesday at the University of Utah’s 2011 Unconventional Fuels Conference that their technologies are ready if government regulators are.

One of them, Red Leaf Resources Vice President Laura Nelson, said her Utah-based company will start building a Uinta Basin mine and plant next year and produce oil from the rock by 2014 if the state Division of Oil, Gas and Mining approves its permit. Salt Lake Tribune