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IEA: Estonia is pioneering technologies for more efficient and cleaner use of oil shale

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The extracted rock can be used directly as a power plant resource or it can be processed to produce shale oil, which in turn can be refined into gasoline, diesel or jet fuels. Renewable energy is another solution. Renewables, particularly biomass for heat, provided 14.6% Different that shale oil—i.e.,

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Report finds Coal-to-Liquids and Oil Shale pose significant financial and environmental risks to investors

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The Obama Administration’s recent extension of the offshore oil-drilling moratorium through 2011 has also renewed investor interest in on-shore oil reserves. Shell’s recent agreement to develop oil shale in Jordan at a projected cost of $20 billion illustrates the potential cost of these projects. Earlier post.).

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