Global Resource Corporation (GBRC.PK) Featured in DOE Report on Oil Shale and Tar Sands Development
Oil shale has been recognized as a potentially valuable U.S. energy resource since as early as 1859, the same year Colonel Drake completed his first oil well in Titusville, Pennsylvania. Early products derived from shale oil included kerosene and lamp oil, paraffin, fuel oil, lubricating oil and grease, naphtha, illuminating gas, and ammonium sulfate fertilizer. In the beginning of the 20th century, the U.S. Navy converted its ships from coal to fuel oil, and the nation’s economy was transformed by gasoline fueled automobiles and diesel fueled trucks and trains, raising concerns about assuring adequate long-term supplies of liquid fuels…
