Skip to comments.GAO To Obama: More Oil Than Rest Of The World
Posted on 05/14/2012 7:09:16 PM PDT by Colonel Kangaroo
Energy: The Government Accountability Office tells Congress the Green River Formation out West contains an "amount about equal to the entire world's proven oil reserves." So why are we keeping it locked up on federal lands?
Exploding the Big Lie pushed by President Obama that we can't drill our way out of high gas prices because we have but 2% of the world's proven oil reserves, Anu Mittal, GAO director of natural resources and environment, testified before Congress last week that just one small part of the U.S. is capable of outproducing the rest of the planet.
That small part is known as the Green River Formation, the world's largest oil shale deposit, and is located in a largely vacant region of mostly federal land on the western edge of the Rocky Mountains that includes portions of Wyoming, Utah and Colorado.
(Excerpt) Read more at news.investors.com ...
"Investigative arm of Congress charged with examining matters relating to the receipt and payment of public funds."
I guess peak oil is now officially dead.
> dereliction of duty
Sounds like dereliction of duty is right up Obama’s alley.
Is this part of the federal land that Clinton set aside when he banned mining for low sulpher coal and oil in Utah, etc. (Escanante???) back in the late nineties
Think what impact getting truths such as this out to the public would make in the campaign and election! Just telling the masses powerful facts that show BHO’s statements to be blatant lies. I know Newt would’ve had the guts to do so in debate, but at least have the campaign machine of whomever our nominee is use this in national ads. BHO’s opposition can beat him if they’re even HALF-WAY smart about it.
The public has a right to be told the truth, and often, without having to search for it as we here do or be wonks as we here are.
This natural resource/government land issue alone is huge, and there are countless others as well. It’s up to our side to get them out to people.
The obamanation is a champion of mediocrity and that towering “can’t do” resolution.
Why do you believe they have not explored it? I have worked on design for Russian oil field production in Eastern Siberia.
And vacant it is. Almost nobody lives there because nobody lives there unless they have to.
Can you possibly imagine the explosion of personal liberty, entrepreneurship and an economy where we could literally dig ourselves out from underneath the mountain of debt congress and the white house created? We wouldn't need government and that is the rub for DC.
I hear there is an issue in that area with the amount of water that would be needed to extract the oil.
In Siberia? Are you talking about shale deposits not found or the oil fields they have found and are producing?
The fields I worked with are not shale. They used downhole pumps on variable frequency drives. The only water issue was the excess water produced with production that had to be reinjected in the reservoir.
The largest oil shale formation found in Russia is in the Olenyok Basin. It is about tenth the size of our Piceance Basin or Green River Basin. With the Olenyok River and very little demand for water in the area, since there is little of anything else, this is not a major issue.
I meant the Green River formation. I heard the amount of water needed to extract the oil would not be possible to get in the area.
Anyone else had the thought that perhaps these natural resources were known a long time ago, and the powers that be have mortgaged them as collateral on the huge amount of debt that they’ve incurred?
I don't agree. It is only a matter stop blocking it and economics. Their water use does not need to 100% fresh water sources. Recycling of water will be used on the site and if needed, deep salt water can be used after desalination. It is regulations primarily and economics secondarily that holds the production back.
NO- this is at the upper NE corner of Utah, where Utah, Wyoming and Colorado are coming together.
Escalante is southern Utah.
Energy independence ping
Energy independence ping
The silver lining, as one who is concerned about the burdens we're putting on our children and grandchildren, it stays in the ground beyond Obama. If they're wise, they'll have assets to work with, other than the income of their children and grandchildren.