Wednesday, August 13, 2008

We have Oil?

Let's start with some sense of the oil resources America could develop if Congress would allow it.

In 2006, the Interior Department estimated that about 85.9 billion barrels of "undiscovered technically recoverable" oil sits offshore on the Outer Continental Shelf within U.S. territory.

In 2007, the Energy Department's "Task Force on Strategic Unconventional Fuels" reported that: "America's oil shale resource exceeds 2 trillion barrels, including about 1.5 trillion barrels of oil equivalent in high quality shales concentrated in the Green River Formation in Colorado, Utah and Wyoming. ... Depending on technology and economics, as much as 800 billion barrels of oil equivalent could be recoverable from oil shale resources yielding (more than) 25 gallons per ton."

This combined 885.9 billion barrels of recoverable oil that the government estimates lies undeveloped within U.S. territory is almost three and a half times as much as the 260 billion barrels in proven oil reserves that lie under Saudi territory.

Hat tip to Townhall

This shows where the Democraps heart is, perhaps, if they have one. Anyone in Texas, do you know the last time a refinery was built, or why not? The Planet Savers Club hopes that no one will think about anything in the near future, and the tiny creatures of obscurity will remain undisturbed. The politicians are waiting for the price of votes to go up. Personally, I'm starting to think we need a "Americans" lobby to get the Congress attention with bribes and "deals" big enough get them on our side.

So far the rich boys in government are allowing the people in this country to suffer hardships to further their scams.


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