Strange Behavior
"Royal Dutch Shell (nyse: RDSA - news - people ) estimates that the waters of the outer continental shelf contain 100 billion barrels of technically recoverable oil. But 85% of the U.S. coastline is off limits to drilling by congressional decree. Why not be more like Cuba, which has leased oil exploration acreage 50 miles from Key West?
Then there are the 1.5 trillion barrels that Shell estimates are trapped in the oil shale deposits of Colorado, Wyoming and Utah. On federal lands, Shell has been researching methods to cook oil out of the shale (basically oil-soaked rock) without mining it or polluting groundwater. But Congress passed a measure last December that prohibits spending to establish a program to lease oil shale on federal lands."
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