But Obama, the democrats and the EPA won't let us get to our own oil , our own resources and they won't let us even manufacture our own products. So we are dependent on Muslim countries for oil and on China for everything else .
http://www.tampabay.com/news/perspective/next-up-for-fracking-oil-fields-in-america/1213696
It's madness that we depend on these people for our oil when we have endless supply of shale oil, oil under shale, oil , natural gas , coal, nuclear etc. But Obama won't let us use any of it. Palin was right “Drill baby Drill”.
Vote this marxist Obama and his EPA out of office.
RUSH:
They also say that the United States only has 2% of the world’s oil reserves. With fracking, it is now established that we have what could be the largest deposits of oil in the world. This 2% business, they use that because when you say that we only have 2% of the world’s oil reserves, people think, oh, you want to get 2% of the world’s oil in the ground. No. That’s not what reserves means. They pointed it out at Power Line. Reserves, the definition of reserves, is controlled by securities law, not geology. Oil isn’t counted as part of our reserves unless it’s legal to extract it and economic to extract it. What it means is only 2% of what we got can we legally go get. That what we have we can’t legally go get because of Democrat policies. That’s what it means.
http://www.rushlimbaugh.com/daily/2012/02/24/we_need_a_pond_scum_czar
You simply are ignorant of what is really going on in our Domestic Oil industry. The reason we have to Frack, is due to the fact that the producing formations are so poor and yield so little.
Another aspect of fracking is, it only gives a temporary boost to production, but that gain, falls off rather quickly. The initial depletion to the overall target formation, reduces overall production yields through out the entire field as well.
Where every you see the term “Fracking” being used, it simply means that without it, that formation did not have the ability to make production possible or profitable. And even that aspect is very limited.
As far as total volume of oil on this continent, most of it is not producible and recovery rates are very low. You have been misled into thinking that the total overall estimates of hydrocarbon volumes under the continent are 100% producible, when they are not even 20% producible.