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
Peruvian Amazon Company César Arana ran the company in Peru. Its British Board of Directors included Sir J. Lister Kaye. The company operated in the area of the Putumayo River, a river that flows from the Andes to join the Amazon River deep in the tropical jungle. This area was contested at the time among Peru, Colombia, Ecuador, and it was inhabited by numerous indigenous people. The company participated in abuses and criminal actions against laborers in the area, with its overseers using force and even killing to suppress the workers. An investigative report by Roger Casement, British consul, exposed the abuses, embarrassing