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
Transport in Ecuador with Colombia. On 5 July 2008 a meeting took place between Venezuela, Colombia and Ecuador regarding a railway for freight and passengers to link the three countries, and linking the Pacific with the Atlantic also. There is no railway service to Peru. Transport in Ecuador Transportation in Ecuador uses six transportation methods to transport passengers and freight (more specifically, oil). They are aviation, highways, pipelines, ports and harbors, railways, and waterways 359 (2006 est.) The Sierra Region still plays an important role in transportation throughout the country. The Pan-American Highway crosses it from North to South. Ecuador has managed to