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Discussion and Debate
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US Government: We have a lot of oil
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<blockquote data-quote="HerbieHeadley" data-source="post: 60533314" data-attributes="member: 208816"><p>In its October 2010 report, GAO noted that oil shale development presents the following opportunities for the United States:</p><p style="margin-left: 20px"></p> <ul style="margin-left: 20px"> <li data-xf-list-type="ul">Increasing domestic oil production. Tapping the vast amounts of oil locked within U.S. oil shale formations could go a long way toward satisfying the nations future oil demands. Oil shale deposits in the Green River Formation are estimated to contain up to 3 trillion barrels of oil, half of which may be recoverable, which is about equal to the entire worlds proven oil reserves.</li> </ul> <ul style="margin-left: 20px"> <li data-xf-list-type="ul">Socioeconomic benefits. Development of oil shale resources could lead to the creation of jobs, increases in wealth, and increases in tax and royalty payments to federal and state governments for oil produced on their lands. The extent of these benefits, however, is unknown at this time because the ultimate size of the industry is uncertain</li> </ul> <p style="margin-left: 20px">===========</p> <p style="margin-left: 20px"></p> <p style="margin-left: 20px"><a href="http://radioviceonline.com/us-government-we-have-a-lot-of-oil/" target="_blank">US Government: We have a lot of oil | Radio Vice Online</a></p> <p style="margin-left: 20px"></p> <p style="margin-left: 20px"></p> <p style="margin-left: 20px"></p></blockquote><p></p>
[QUOTE="HerbieHeadley, post: 60533314, member: 208816"] In its October 2010 report, GAO noted that oil shale development presents the following opportunities for the United States: [INDENT] [LIST] [*]Increasing domestic oil production. Tapping the vast amounts of oil locked within U.S. oil shale formations could go a long way toward satisfying the nations future oil demands. Oil shale deposits in the Green River Formation are estimated to contain up to 3 trillion barrels of oil, half of which may be recoverable, which is about equal to the entire worlds proven oil reserves. [/LIST] [LIST] [*]Socioeconomic benefits. Development of oil shale resources could lead to the creation of jobs, increases in wealth, and increases in tax and royalty payments to federal and state governments for oil produced on their lands. The extent of these benefits, however, is unknown at this time because the ultimate size of the industry is uncertain [/LIST]=========== [URL="http://radioviceonline.com/us-government-we-have-a-lot-of-oil/"]US Government: We have a lot of oil | Radio Vice Online[/URL] [/INDENT] [/QUOTE]
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