Tag Archives: Mangolia

Mongolia Joins Shale Revolution, But at What Cost?

  This spring, Genie Energy signed an agreement with the government of Mongolia, under which its subsidiary will explore oil shale over a five year period. Statements to the press have spun the agreement as a way for the country to achieve energy independence from Russia, as Mongolia currently imports 90 percent of its petroleum needs from its neighbor. Estimates have put Mongolia’s oil …

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