Energy Opportunity and the Rocky Mountains: A Strategic Unconventional Fuels Supply Policy
Recorded on March 8, 2007
Location: The Heritage Foundation's Lehrman Auditorium
Co-editor of "Resource War in 3-D: Dependency Diplomacy Defense"
and currently associated with the establishment of a new energy
policy center in New Mexico, Dr. Daniel Fine contends that the
energy security crisis and confrontation over national policy fails
to recognize the decisive importance of the Rocky Mountains region
to the debate. What is to be done with the greatest oil
concentration in the world? Neither in the Middle East nor Russia,
this resource is the foundation of a strategic unconventional fuels
policy that challenges all assumptions on foreign oil import
dependency. Measuring in trillions of barrels of barrels, it is all
here in the United States within the shale rocks beneath the Rocky
Mountain region and flagged by Colorado, Wyoming and Utah. Early in
the last century, geologists recorded its existence and potential.
Someday, it was agreed in industry and government circles, this oil
shale resource would be developed to replace declining conventional
oil structures as economics and technology developed. It was the
future of domestic supply - today or the 21st Century. Is it time
for our national policy to move "back to the future"?
The promise of energy security through unconventional fuel from
the Rocky Mountain region introduces a new and diversified
perspective to the policy debate and process. How would a trillion
barrels of oil reserves over the next ten years impact on
agricultural and electrical (plug-ins) investment alternatives to
gasoline? What would be the impact on the Strategic Petroleum
Reserve? Join us as Dr. Fine addresses these and other questions
about this untapped energy resource and oil import dependency.