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IsraelOilShale


Israel turning to shale for fuel as oil prices remain high

Talk about being in a tight spot. Israel imports most of its fuel. Continued high oil prices and surrounding hostile oil-producing countries have prompted the country to look into alternatives fuel sources. One possibility is oil shale. The dark rock is abundant in the country and already used in power plants. Previously the costs of obtaining oil from the shale had been expensive compared to oil imports. But now, with current crude oil prices hovering at $70 a barrel and a new oil shale processing technology, Israel can produce fuel oil from ... Read more →

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