Oil Shale: Toward a Strategic Unconventional Fuels Supply Policy

Long-term U.S. government purchase agreements to buy oil from shale for the Strategic Petroleum Reserve under the Energy Policy Act of 2005 could mitigate historic market risk, eliminate the nationalsecurity risk of foreign oil import beneficiaries, and make theU.S. 80 percent reliant on North American oil and 20 percentdependent on foreign oil.

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