Abstract
Oil demand is predicted to continue to increase despite the high price of oil. The lagging supply increased the prices for oil and gas and a definitive oil replacement has still not been found. Huge oil shale resources discovered in the world, if developed, may increase petroleum supplies. Developing of oil shale needs the availability of low cost production; the greatest risks facing oil shale developing are higher production expenses and lower oil prices. There are several technologies for producing oil from kerogen bearing oil shale, by pyrolysis (heating, retorting). Oil shale is still technologically difficult and expensive to produce and the major impediment is cost. Developing oil shale accumulations means to face huge challenges, but an efficient oil shale development can be accomplished and an acceptable oil shale industry based on new technologies can be built nowadays.
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