Replies to post #205082 on ERHC Energy Inc (ERHE)

[kobiashi2000]

Shell Halts Colorado Oil Shale Exploration In Yampa River
| 02/23/10 05:47 PM |


Colorado, Wyoming and Utah are thought to hold 800 billion barrels of recoverable oil in shale. But critics of a federal management plan for developing oil shale on public lands say the process would use too much of the region's scarce water.

http://www.huffingtonpost.com/2010/02/23/shell-halts-colo-water-bi_n_473959.html

[badog]

I started to think the same thing...but then why are so many of the top Oil Companies moving this direction? Did they research this? What do they know that we don't? Why do they think this won't be an issue?

It's not like Chevron, Exxon, etc. to just carelessly pursue a dead end. There are Billions & Billions of dollars involved. Shareholders to think of.

Do you think they are just stumbling and bumbling into this? They are moving very hard and fast into Shale Gas.

I don't know the answers here...but I would guess that they do.

Badog

[chrislongshot]

Yes it takes a lot of water to produce hydrocarbons in shale fields, and the problem is what to do with the water after. Actually have been in another stock longer than this one that supposedly has the answers wsce, but they are at $0.21 {not pumping} at least erhe is worth a little more than I paid for it. Like everyone else , just waiting for official news and maybe see erhe finally break a $1.00, and hopefully go a lot higher