Anyone remember when Barack Obama took office in 2009? Gas was $1.80 a gallon. Today gas is $3.75. It has more than doubled.
With all the oil we have in this nation, Obama remains determined to make us even more dependent on foreign oil. Yet, with the most recent news, any sane person has to ask why Obama wants us dependent on foreign oil.
From CNS News:
The Green River Formation, a largely vacant area of mostly federal land that covers the territory where Colorado, Utah and Wyoming come together, contains about as much recoverable oil as all the rest the world’s proven reserves combined, an auditor from the Government Accountability Office told Congress on Thursday.
The GAO testimony stressed that the federal government was in “a unique position to influence the development of oil shale” because the Green River deposits were mostly beneath federal land.
It also noted that developing the oil would pose “socioeconomic challenges,” which included bringing “a sizable influx of workers who along with their families put additional stress on local infrastructure” and “making planning for growth difficult for local governments.”
“The Green River Formation--an assemblage of over 1,000 feet of sedimentary rocks that lie beneath parts of Colorado, Utah, and Wyoming--contains the world's largest deposits of oil shale,”Anu K. Mittal, the GAO’s director of natural resources and environment said in written testimony submitted to the House Science Subcommittee on Energy and Environment.
“USGS estimates that the Green River Formation contains about 3 trillion barrels of oil, and about half of this may be recoverable, depending on available technology and economic conditions,” Mittal testified.
“The Rand Corporation, a nonprofit research organization, estimates that 30 to 60 percent of the oil shale in the Green River Formation can be recovered,” Mittal told the subcommittee. “At the midpoint of this estimate, almost half of the 3 trillion barrels of oil would be recoverable. This is an amount about equal to the entire world's proven oil reserves.”
So let’s get this right. In those states, on Federal land, we have oil reserves equal to all other oil reserves in the world. Holy cow! Why aren’t we drilling?
There is only one reason to explain why the Obama Regime does not want us to drill. Obama wants us to be weak and dependent. If Israel and Iran go to war, what is going to happen to our oil supply?
This is why we need to be rid of Obama this November. If we started drilling now and drove down the price of gas, we would have an instant economic stimulus.
This is so obvious, anyone but a liberal can figure it out.
Tags: colorado, formation, gas, green, oil, prices, reserves, river, utah, wyoming
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