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Black Sunday Won't Ever Happen Again

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But oil shale is a kerogen embedded in tons of rock.It doesn't flow like liquid crude; it takes massive amounts of energy and water to extract a single barrel of oil. Yet Exxon's engineers displayed flamboyant corporate hubris, claiming that by 2010, the oil shale industry would produce 8 million barrels of oil a day. Now, 28 years later, despite all the rosy predictions in Exxon's infamous "White Paper" on oil shale....

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