[W]hen Canada announced in 2004 that it has more recoverable oil from tar sands than there is oil in Saudi Arabia, the world yawned. There is estimated to be about as much oil recoverable from the shale rocks in Colorado and other western states as in all the oil fields of OPEC nations. Yes, the cost of getting that oil is still prohibitively expensive, but the combination of today's high fuel prices and improved extraction techniques means that the break-even point for exploiting it is getting ever closer. --From "The Oil Bubble," Wall Street Journal editorial, Oct. 8, 2005 Actually, …
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Tom Philpott was previously Grist's food writer. He now writes for Mother Jones.