Um... one more time, in English?
Was this on his radio show? His radio show cycles every 3 hours on hannity.com until the next show airs.
Don't know about Hannity, but I heard elsewhere today that Canada's were greater than the Saudis.
Huh, don`t count on getting to it anytime soon.
"The United States has significant oil shale resources, primarily within the Green River Formation in Wyoming, Utah and Colorado. These oil shale resources underlie a total area of 16,000 square miles and represent the largest known concentration of oil shale in the world. Federal lands comprise roughly 72% of the total oil shale acreage in the Green River Formation."
Saudi reserves are about 261 billion barrels. U.S. reserves are less than a 10th of that, about 22 billion barrels.
IF YOU DON'T LIKE $3.00 A GALLON GAS, HANG A TREE HUGGER
why not just THANK A DEMOCRAT or insert the name of your favorite Democrat who voted against drilling in ANWAR
OIL SHALE
If a technology can be developed to economically recover oil from oil shale, the potential is tantalisingly enormous. If the containing organic material could be converted to oil, the quantities would be far beyond all known conventional oil reserves. Oil shale in great quantities exists worldwide: including in Australia, Brazil, Canada, China, Estonia, France, Russia, Scotland, South Africa, Spain, Sweden and the USA.
The term "oil shale" is a misnomer. It does not contain oil nor is it commonly shale. The organic material is chiefly kerogen, and the "shale" is usually a relatively hard rock, called marl. Properly processed, kerogen can be converted into a substance somewhat similar to petroleum. However, it has not gone through the "oil window" of heat (nature’s way of producing oil) and therefore, to be changed into an oil-like substance, it must be heated to a high temperature. By this process the organic material is converted into a liquid, which must be further processed to produce an oil which is said to be better than the lowest grade of oil produced from conventional oil deposits, but of lower quality than the upper grades of conventional oil.
http://www.worldenergy.org/wec-geis/publications/reports/ser/shale/shale.asp
Rank Country Proved reserves (billion barrels)
1. Saudi Arabia 261.9
2. Canada 178.81
3. Iran 125.8
4. Iraq 115.0
5. Kuwait 101.5
6. United Arab Emirates 97.8
7. Venezuela 77.2
8. Russia 60.0
9. Libya 39.0
10. Nigeria 35.3
http://www.infoplease.com/ipa/A0872964.html
Here's the deal:
There is enough low sulphur coal in Wyoming and Montana to last us at our current usage at least 200 yeare.
Oil and Gas:
Unknown offshore California, Texas, Louisiana, Alaska ETAL but LOTS
Southern Utah, where Clintoon declared it a non drilling national park. Another San Juan Basin / Permian Basin
Eastern Utah, Colorado, Wyoming Oil Shale in the millions of tons.
ANWAR, No one really knows, but if the dems and enviros would allow us to develop it, anyone's guess but the best money sez LOTS and LOTS.
We are really like the man freezing to death while he is sitting on a mountain of coal.
There was a thread about it a few days ago. Search under 'shale oil'.
Sreve Forbes says the real reason is Speculators and the bubble will burst and prices will plummet
The cool part is that Shell has figured out how to extract the oil at around $30. I think they're going to do some announcement soon about their process and intentions. I personally think they're merely making a shot accross the bow of other oil produceing states that if they keep their price above $30, they'll have serious competition.
Steve forbes estimated that world price will settle around $35. Probably because of this oil shale and Shells extraction technology.
We have something like 2.5 times the total of mideast oil in Colorado, Utah, and Wyoming locked in this rock.
We'll have oil for the rest of our lives at something like the current price. Unless the greenies take over, and they're loosing momentum politically, so I don't think they will.
I looked up the article on yahoo... Study Urges Careful Oil Shale Development http://www.washingtonpost.com/wp-dyn/content/article/2005/08/31/AR2005083102119.html
"If you enjoy high fuel prices thank an environmentalist"