HUGE OIL SHALE DEVELOPMENT BEGINS: “TomCo Energy is a London-based company which owns leases on over 3000 acres of oil shale land in Utah’s Uintah Basin. As I have noted several times (most recently just last week), the Uinta Basin is the site of the massive Eocene Green River Shale formation – potentially the largest reservoir of unconventional petroleum in the world. With total reserves estimated at up to 1.3 trillion barrels, and ultimately recoverable reserves of 800 billion barrels or more , this formation holds three times or more the amount of Saudi Arabia’s proven reserves. Unlocking this formation would change the energy outlook of the nation – and of the world – for a century or more.” Expect environmentalists to fight this tooth-and-claw since changing the energy outlook of the nation (for the better, at least) is anathema to them.