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Oil Shale news: RedLeaf begins mining

April 17, 2014

Red Leaf Resources has begun mining operations at its Seep Ridge property in Utah.  This is the demonstration project which will show whether or not crude oil can be cheaply and efficiently wrung from the rocks of the massive Eocene Shale formation of the Rocky Mountain states.  Red Leaf asserts that its EcoShale process can produce oil with little external energy inputs and with little water other than that needed to sustain crews (critical in the parched US west).  An EROI (energy returned from energy invested) of 10:1 would make it competitive with normally pumped crude.  If successful, the US suddenly will have more than twice the total oil reserves of Saudi Arabia.  This would radically transform the energy geopolitics of the entire world.

 

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