On the recordFebruary 15, 2012
Perhaps my friend and colleague from Colorado isn't aware that there already is extensive experimentation about the potential of oil shale to meet our energy needs. In fact, there are millions of dollars spent every year in research that industry itself has invested in this technology. Furthermore, there are 3 million acres of oil shale lands in Colorado, Utah, and Wyoming that are under State, private, or tribal leadership and have been for decades. In fact, several large companies alone already control 200,000 acres of oil shale lands. There are a couple of sites in Colorado where they're looking to try to develop cost-effective methods. In fact, by the end of 2012, there will be nine active Federal research and development leases. No one has figured out a cost-effective way to develop these areas. Again, this is not about the research. In fact, after the second round of bids in early 2009, when the Obama administration affirmed the Bush administration's decision regarding a second round of R&D leasing, there was a significant reduction in industry bids. Industry itself was even less interested in trying to figure out this because it's been a nut that they've been unable to crack for nearly 100 years. This amendment is not about the environment. It's about common sense. Mr. Chairman, I inquire how much time remains? The Acting CHAIR. The time of the gentleman has expired.
