“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.”
And this may shock you….but Obama issued new regulations on fracking a few days ago. I know…a Democrat wants more regulations? Who woulda thunk it.
So just in time to hear the great news that the world’s largest oil reserves is on this continent…not Saudi Arabia, not Iran, not Kuwait. But here in the United States we get Obama to eff it all up.
Even more shocking is the lack of media coverage:
Searches on “Government Accountability Office” (not in quotes), “shale,” and “mittal” at the Associated Press’s national site return nothing relevant to the energy-related story which will follow. A Google News search on “Anu Mittal,” the person from the GAO who on Thursday testified before the House Committee on Science, Space, and Technology`s Subcommittee on Energy and Environment, appears to return seven relevant items, but it’s really five. The first is a press release from the Luddite (aka Democratic) members of the committee pooh-poohing the importance of Ms. Mittal’s assertions. The other four are from non-major and/or non-establishment press sources: Newser, American Thinker, Daily Markets, and the Inquisitr (yes, spelled correctly). Only one other news outlet I’m aware of, Media Research Center’s CNS News, has also noted Ms. Mittal’s testimony.
…Of the outlets which did cover it, two of them gratuitously brought the Iraq War into the discussion. Newser’s Neal Colgrass wrote: “Maybe President Bush should have invaded the Midwest instead of Iraq.” Residents of Utah, Colorado, and Wyoming will be amused to learn that Colgrass believe that their states are in the Midwest. They’re not. Similarly, the unbylined Inquisitr report snarked that “While the United States has invaded much of the Middle East in search of lower gas prices, perhaps President Bush should have been focusing his efforts on the Midwest region of the United States during the first Iraq war.” Media bias clearly runs very deep — miles deep, if you will.