October 21, 2008 - It’s been called fool’s gold for a reason. For decades, energy companies have tried to extract oil from rock, but oil shale technology has never been developed to make large-scale production economically viable or environmentally sound. Even the oil and gas industry admits that a viable oil shale technology is years, if not decades, away. Yet, despite large public concern, Congress has given the go-ahead for oil shale development on public lands in Utah, Colorado and Wyoming, three states that are home to major oil shale deposits. more