-By Kevin Roeten
The Congressional Research Service (CRS) has told the Obama Administration they’ve found enough oil under US territory that estimates 163 billion barrels of recoverable oil and enough natural gas to meet the country’s demand for 90 years. [Read more: http://dailycaller.com/2011/03/10/new-report-says-u-s-has-largest-fossil-fuel-reserves-in-world/#ixzz1ZAKRYXDD.]
Back in 2006, the Department of Energy (DoE) and the Mineral Management Service (MMS) both revealed the Outer Continental Shelf (OCS) had enough oil to last at least another 50 years [Assessment of Undiscovered Technically Recoverable Oil and Gas Resources of the Nation’s Outer Continental Shelf, 2006 (Summary Brochure)].
The map above is from a 2006 MMS titled “Assessment of Undiscovered Technically Recoverable Oil and Gas Resources of the Nation’s Outer Continental Shelf”. Additional details are here.
That was well before the CRS report. In fact, the CRS report shows how the US leads all nations in World Fossil Fuel Resources. That includes Russia, Saudi Arabia, China, Iran–everyone.
Continue reading “
Oil is There. Obama Doesn’t Care.”