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BLM Finalizes Rules That Could Add Billions of Barrels of Oil to U.S. Supply

News release: “As part of its ongoing effort to increase and diversify America’s energy supply, the Department of the Interior’s Bureau of Land Management today published final regulations to establish a commercial oil shale program that could result in the addition of up to 800 billion barrels of recoverable oil from lands in the Western United States. In keeping with the Energy Policy Act of 2005 and the Mineral Leasing Act of 1920, the BLM final regulations provide the critical “rules of the road” on which private investors will rely in determining whether to make future financial commitments to prospective oil shale projects.”

  • See also Natural Resources Defense Council: “The Bush administration announced another parting gift for Big Oil today in the form of new oil shale regulations. The Department of Interior released new draft regulations for a commercial oil shale industry on 2 million acres of public lands in Colorado, Utah and Wyoming. The leasing of land for oil shale has been heavily criticized by environmental groups due to concerns over significantly increased water usage, global warming emissions, and toxic waste.”
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