Extracting oil shale is costly and environmentally destructive

Dan, Daily Reckoning & Strategic Investment Editor

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After the shale is mined, it has go through a heating process before it can be turned into oil. The amount of waste the mining produces is greater than what it creates. The mining of shale creates toxins that can leach into water supplies. Shale mining increases greenhouse gases.

Shale mining displaces life forms and permanently alters topography.

y Of all the environmental impacts the most serious appears to be the extent to which land will be disturbed.

Even if oil shale is an option, it is not economically viable to extract them and peak oil will still come. y y It requires far more energy or to extract oil from shale than to get an equal amount out as from conventional sources. Eventually, there must come a point in time when there is not enough benefit in extracting oil from the ground.