Green Options » domestic oil http://greenoptions.com/tag/domestic-oil Posts tagged 'domestic oil' Tue, 18 Nov 2008 14:54:53 +0000 http://wordpress.org/?v=2.5.1 en Shale Development Suffering Due to Economic Crisis http://redgreenandblue.org/2008/11/18/shale-development-suffering-due-to-economic-crisis/ http://redgreenandblue.org/2008/11/18/shale-development-suffering-due-to-economic-crisis/#comments Tue, 18 Nov 2008 14:54:53 +0000 Heidi Suydam http://redgreenandblue.org/2008/11/18/shale-development-suffering-due-to-economic-crisis/ oil shale mining

Earlier this year excitement and promise surrounded the possibilities of developing a domestic oil source through shale oil. Due to the current economic crisis much of these plans have been put on hold. The companies that were initiating these efforts are finding it difficult to borrow funds for their projects. In a November 10th EarthNews article Louis D’Amico, executive director of the Independent Oil and Gas Association of Pennsylvania states:

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