Yes, you read that correctly – Israeli scientists have figured out a way to turn rocks, specifically shale, into oil. Read all about it on Israel21c by Stuart Winer.
Here is a brief excerpt from the article:
Haifa-based A.F.S.K Hom Tov recently demonstrated its patented method of extracting high quality oil and natural gas from a mixture of bitumen and oil shale rock. Bitumen – or asphalt – is the residue obtained by distillation of crude oil.
Experts predict the process will return oil at just $25 dollars a barrel and the additional natural gas produced would further boost the financial feasibility. With crude oil prices currently floating over the $50 a barrel mark, this proposed method is generating interest around the world. [Read the entire article!]