History of the oil shale industry in the United States Act of 1985 which among other things abolished the United States' Synthetic Liquid Fuels Program. Union finally bowed to continued low oil prices and closed the project in 1991, rather than complete the US$2 billion project. Over several decades, some of the world's largest oil companies (Amoco, Arco, Chevron, Exxon, Gulf, Phillips, Shell, Sohio, Sunoco, Texaco, Union Oil) had spent billions of dollars to start an oil shale industry in the Green River Formation, the world's largest oil shale resource. But in the end, cheap petroleum prices drove oil shale out of business. Even after the oil shale bust, some
Alicia Cawiya the Ecuadorian Amazon region between 1964 and 1992. During this period, Texaco drilled 339 wells in 15 petroleum fields and 627 toxic wastewater pits were abandoned, as well as other elements of the oil infrastructure. It is now known that obsolete and highly polluting technologies were used as a way to reduce economic expenses. After the company left the country, the government started legal actions to be compensated by the company, which tried to avoid the sentence of paying a fee of 19.000 million dollars. This conflict lasted for more than twenty years and in June 2017 the United States