Word: shales
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...billion synthetic-fuel program that, among other things, would turn the nation's vast coal deposits into oil and gas. But of all the old and new sources of petroleum now being freshly examined, none is more promising or as controversial as the oil-bearing rock known as shale...
Venturesome companies are betting millions on shale as they plunge deep into development projects that could soon foster a new energy industry. TIME Los Angeles Bureau Chief William Rademaekers reports from the heart of the U.S. shale country...
...dirt road running up Parachute Creek in western Colorado winds through an ever steeper canyon. As the road climbs, it deteriorates into first a stream bed and then a cliff-hugging path that passes a blackened ledge of shale rock that was struck by lightning two years ago and spouted flames for three days. The Indians once dubbed the magic mineral "the rock that burns...
Since the Arab oil embargo nearly every major oil company has been researching technologies for cost-competitive production of fuels from coal, shale and tar sands, with little regard for the environmental consequences. Replacing just ten per cent of the nation's oil production with liquefied coal would require a mining capacity equal to one half of the present U. S. coal output. This would require heavy strip mining, which causes devastating damage to the land...
...elements called rare earths, the Chinese are also becoming increasingly skilled at extracting them and putting them to work in many ways, for example, as catalysts in petroleum refining. The visiting American specialists found one area where the U.S. could learn from the Chinese: the production of oil from shale...