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
Ecuador–Mexico relations oil, wood and fish products. Ecuador is Mexico's eleventh biggest trading partner while Mexico is Ecuador's sixth biggest trading partner. In 2011, Mexican companies invested over $2 billion USD in Ecuador and Ecuadorian companies invested $8 million USD in Mexico. Ecuador–Mexico relations Ecuador–Mexico relations refers to the diplomatic relations between Ecuador and Mexico. Both nations are members of the Community of Latin American and Caribbean States, Latin American Integration Association, Organization of American States, Organization of Ibero-American States and the United Nations. Ecuador and Mexico are two nations that share a common history by being both once part of the