Obama's Oil Scarcity Myth

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From Powerline on Saturday:

America has more fossil fuel resources than any other nation. Russia is second, Saudi Arabia is third. On Thursday, a representative of the Government Accountability Office testified before the House Science Subcommittee on Energy and Environment that the Green River Formation alone–it is located at the intersection of the states of Colorado, Utah and Wyoming, and mostly underlies federal lands–contains as much oil as the entire proven reserves of the rest of the world combined. America is uniquely blessed in its energy resources. Two questions remain: 1) will Obama finally abandon his moronic two percent claim, and 2) will Obama, in a possible second term, block the development of the resources that can assure America’s economic supremacy for generations?

And this is from a Research Brief of The Rand Corporation:

The Oil Shale Resource Base

The Green River Formation, which covers parts of Colorado, Utah, and Wyoming, has the largest known oil shale deposits in the world, holding from 1.5 to 1.8 trillion barrels of oil. Of that, roughly 800 billion barrels are recoverable — more than triple Saudi Arabia’s proven oil reserves. Present U.S. demand for petroleum products is about 20 million barrels per day, so 800 billion barrels would last for more than 400 years if oil shale could be used to meet a quarter of that demand.

So, the next time a Liberal environmental wacko tries to tell you the United States is sitting on only 2% of the world's oil supply, feel free to call him a liar.