The Green River Formation weighs in a 3 TRILLION Barrels of oil with 1 trillion recoverable with todays technology...
An American Oil Find That Holds More Than All of OPEC Nov. 13, 2012 By ALAN FARNHAM via World News
Drillers in Utah and Colorado are poking into a massive shale deposit trying to find a way to unlock oil reserves that are so vast they would swamp OPEC.
A recent report by the U.S. Government Accountability Office estimated that if half of the oil bound up in the rock of the Green River Formation could be recovered it would be "equal to the entire world's proven oil reserves."
Both the GAO and private industry estimate the amount of oil recoverable to be 3 trillion barrels.
"In the past 100 years in all of human history -- we have consumed 1 trillion barrels of oil. There are several times that much here," said Roger Day, vice president for operations for American Shale Oil (AMSO).
The Green River drilling is beginning as shale mining is booming in the U.S. and a report by the International Energy Agency predicts that the U.S. will become the world's largest oil producer by 2020. That flood of oil can have major implications for the U.S. economy as well as the country's foreign policy which has been based on a growing scarcity of oil
yeah, I love that story too. But its not going to happen anytime soon. There’s easier picking in shale oil—which is a very different animal from oil shale which is the hard rock of the green river basin. That oil shale has to be melted before its oil—which is a process that’s currently more expensive than expensive fracking techniques—and requires lots of electricity and water in places where there is little available—especially water.
The BLM controls most the Green River Lands. That is a major problem.
If we had a Congress and President with half a brain, we could be exporting oil in 5 years.