Royal Dutch Shell (RDS-B)

adams3 (25.13) Submitted: 12/29/07 4:17 PM : Start Price: $82.03 RDS-B Score: 3.35

Royal Dutch Shell is, by revenue, the second largest oil company only behind Exxon Mobil. Royal Dutch Shell runs the popular Shell gasoline stations. Royal Dutch Shell already has a contract with the U.S. Government to extract deep sea oil in the Gulf of Mexico. Royal Dutch Shell is now looking to make another contract with the U.S. Government to extract the Oil Shale reserve that is in the Colorado/Utah area. The U.S. Government owns about 75% of the Oil Shale in the world. This reserve holds more oil than any Middle East country alone. If you have heard of Oil Sands and Suncor, this is even better because Oil Shale yields more than twice as much oil per ton. Royal Dutch Shell is at the forefront of In-Situ methods of extracting Oil Shale. Royal Dutch Shell has 20 years of research that designed their method. This method uses many wires that conduct electricity and use a large amount of heat to make the selected area's land temperature to thousands of degrees to speed up the process of Oil Shale to be converted into traditional oil that can be pumped out of the ground. The downsides to this method is that it requires several years of heating to finally convert the Oil Shale and a "Freeze Wall" must be put up to contain the heat in the selected area.

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