“We’ve embargoed our own supplies.”
Investor’s Business Daily reports:
…All told, the U.S. has access to 400 billion barrels of crude that could be recovered using existing drilling technologies, according to a 2006 Energy Department report.
When you include oil shale, the U.S. has 1.4 trillion barrels of technically recoverable oil, according to the Institute for Energy Research, enough to meet all U.S. oil needs for about the next 200 years, without any imports.
And even this number could be low, since such estimates tend to go up over time…
The Green River Formation is in Colorado, Wyoming and Utah.
http://oilshalegas.com/greenriveroilshale.html
Blah… Blah.. Blah, 1.4 trillion… Blah… Blah…
Seriously, the majors have access to all these kerogen sources and they can’t produce them… There might be a reason, eh?
And the clown who wrote this drivel got it wrong… The Green River formation is in Colorado not Wyoming…
And he forgot to mention this more recent news about the NPRA
http://www.usgs.gov/newsroom/article_pf.asp?ID=2784