Utah holds the largest reserves of oil sands in the United States, but up until now, no company had the technology to exploit these vast resources.
Despite the potential, "only a few companies are pursuing the price-sensitive and water-intensive development of the state's oil shale and oil sand resources," the EIA
said in a 2017 report on the state, essentially writing off the region as a meaningful opportunity.
- Wednesday, August 29, 2018