The Green River Formation, a largely vacant area of mostly federal land that covers the territory where Colorado, Utah and Wyoming come together, contains about as much recoverable oil as all the rest the world’s proven reserves combined, an auditor from the Government Accountability Office told Congress on Thursday....
... “USGS estimates that the Green River Formation contains about 3 trillion barrels of oil, and about half of this may be recoverable, depending on available technology and economic conditions,” Mittal testified.
“The Rand Corporation, a nonprofit research organization, estimates that 30 to 60 percent of the oil shale in the Green River Formation can be recovered,” Mittal told the subcommittee. “At the midpoint of this estimate, almost half of the 3 trillion barrels of oil would be recoverable. This is an amount about equal to the entire world's proven oil reserves.”
... In her written testimony, Mittal noted that three-fourths of the Green River shale oil is under federal land.
“The federal government is in a unique position to influence the development of oil shale because nearly three-quarters of the oil shale within the Green River Formation lies beneath federal lands managed by the Department of the Interior’s (Interior) Bureau of Land Management (BLM),” she testified.WITH THE STROKE OF A PEN THE FEDERAL GOVERNMENT CAN OPEN UP THESE RESERVES AND DRIVE THE PRICE OF A BARREL OF OIL BACK DOWN TO $45 - WHERE IT BELONGS.
ONLY OBAMA AND THE DEMOCRATS STAND IN THE WAY.
OBAMA AND THE DEMOCRATS ARE CHIEFLY RESPONSIBLE FOR THE HIGH PRICE OF ENERGY - WHICH DRIVES UP THE PRICES OF EVERYTHING ELSE, HURTING POOR AND WORKING CALSS PEOPLE THE MOST.
AND SLOWING THE PACE OF THE RECOVERY.