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.
In a report issued several years ago, the RAND Corporation estimated that the Green River Formation alone could provide a quarter of this country’s current oil needs for 400 years!
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the price has recently recently seen a small increase, and remains over $4/gal.). This, despite the fact that the GAO has reported that there are over 3 Trillion barrels of known crude oil reserves in the Green River Formation. But don't expect to see it anytime soon. Remember, the Obama Administration,
Democrats tell us that drilling for new oil will not produce any results for ten years. They said same thing back in 2002, or ten years ago. What might that have done for America's foreign dependency if we had started to drill in ANWR back then? I'll tell you. We would have an additional 1.5 million barrels of oil a day going into the supply!
It was Barack Obama who said that energy prices would naturally skyrocket under his policies.
It may be the only time that Barack Obama has told the truth to the American people.
"Will Obama, in a possible second term, continue to block the development of the resources that can assure America’s economic supremacy for generations?"
all the more reason to vote for anyone but Obama