Guest
05-15-2012, 04:55 PM
We keep hearing from the current occupant of the "people's house" that we cannot "drill ourselves out of foreign oil dependency"
The GAO (Government Accountability Office) tells Congress the Green River Formation out West contains an "amount about equal to the entire world's proven oil reserves. The problem is, Obama is keeping it "locked up".
Strangely, Obama says this oil does not count as a "proven" reserve because little drilling has been done. But as GAO officials testified; "The federal government is in a unique position to influence the development of oil shale because 72% of the oil shale within the Green River Formation lies beneath federal lands managed by BLM (Bureau of Land Management)."
While Obama says we can't drill our way to energy independence, he blocks drilling wherever he can.
When he can't, as in the Bakken Formation in North Dakota, the economy booms, and new jobs abound, as oil is extracted from shale on private and state lands.
The administration has designated 94% of federal on-shore lands, and 97% of off-shore lands as off-limits to drilling.
In the Green River Formation alone, if by drilling we could recover only half of the 3 TRILLION barrels of oil there, that would be equal to the entire world's proven reserves.
Just think about that; and that's only one oil field at our disposal.
GAO Says Green River Formation Reserves Greater Than Rest Of World's - Investors.com (http://news.investors.com/article/611380/201205141900/green-river-equal-to-worlds-oil-reserves-.htm?p=full)
The GAO (Government Accountability Office) tells Congress the Green River Formation out West contains an "amount about equal to the entire world's proven oil reserves. The problem is, Obama is keeping it "locked up".
Strangely, Obama says this oil does not count as a "proven" reserve because little drilling has been done. But as GAO officials testified; "The federal government is in a unique position to influence the development of oil shale because 72% of the oil shale within the Green River Formation lies beneath federal lands managed by BLM (Bureau of Land Management)."
While Obama says we can't drill our way to energy independence, he blocks drilling wherever he can.
When he can't, as in the Bakken Formation in North Dakota, the economy booms, and new jobs abound, as oil is extracted from shale on private and state lands.
The administration has designated 94% of federal on-shore lands, and 97% of off-shore lands as off-limits to drilling.
In the Green River Formation alone, if by drilling we could recover only half of the 3 TRILLION barrels of oil there, that would be equal to the entire world's proven reserves.
Just think about that; and that's only one oil field at our disposal.
GAO Says Green River Formation Reserves Greater Than Rest Of World's - Investors.com (http://news.investors.com/article/611380/201205141900/green-river-equal-to-worlds-oil-reserves-.htm?p=full)