Our Prevaricator in Chief recently said this:
But you and I both know that with only 2% of the world’s oil reserves, we can’t just drill our way to lower gas prices – not when consume 20 percent of the world’s oil. We need an all-of-the-above strategy that relies less on foreign oil and more on American-made energy – solar, wind, natural gas, biofuels, and more.
The truth, fortunately for Americans, is quite different. America has a lot more oil, natural gas, and coal than the eco-bullsh*t left wants you to know. In fact, we have hundreds of years of energy supplies, if we will only allow them to be recovered. Here are 10 facts about American energy compiled at The American Dream:
The following are 10 facts about America’s energy resources that will blow your mind….
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#1 Back in 1995, the U.S. Geological Survey told the American people that the Bakken Shale formation in western North Dakota and eastern Montana only held 151 million barrels of oil. Today, government officials are admitting that it holds 4.3 billion barrels of recoverable oil, and some analysts believe that the actual number could be closer to 20 billion barrels of oil.
#2 It is estimated that there are up to 19 billion barrels of recoverable oil deposits in the tar sands of Utah.
#3 It is estimated that there are at least 86 billion barrels of recoverable oil deposits in the Outer Continental Shelf.
#4 It is believed that there are 800 billion barrels of recoverable oil deposits in the Green River formation in Wyoming.
#5 Overall, the United States is sitting on approximately 1.442 trillion barrels of recoverable oil deposits.
#6 According to the Institute of Energy Research, the United States has a 120 year supply of natural gas.
#7 According to the Institute of Energy Research, the United States has a 200 year supply of oil.
#8 According to the Institute of Energy Research, the United States has a 464 year supply of coal.
#9 According to Pastor Lindsey Williams, absolutely gigantic oil fields have been discovered up in Alaska that the American public is not being told about.
#10 Goldman Sachs is predicting that the United States will be the number one oil producing country in the world by the year 2017.
But you never hear any of these statistics from Barack Obama, do you?
No, you don’t – because he doesn’t want you to know. He’d rather keep wasting taxpayer dollars on foolish “green” investments like Solyndra. There will be a place, one day, for solar, wind, and other forms of alternative energy supplies. But right now, they’re not economically viable. We have so much energy that unleashing free enterprise to harvest it will kick off a tremendous economic boom in America. But it will only happen if the left’s distorted emphasis on “green” energy is pushed to its proper place -on the margins- and government regulators get out of the way.
Doug Ross has this to say about American Dream’s list, and why the Democrats keep lying about our energy reserves:
But with the right people in charge, we can have an energy shortage with accompanying crippling prices no matter how vast the resources we are sitting on. The Ukraine — where Obama’s fellow oligarchical collectivist Joseph Stalin engineered a famine that killed millions — is known as the Breadbasket of Europe. As the great countermoonbat Milton Friedman observed, if the federal government took charge of the Sahara Desert, there would soon be a shortage of sand.
Read the rest of American Dream’s piece here, and pass the list of 10 facts on to everyone you know.