Peak Oil is pure horse shiite! (As is the myth of “Climate Change”).
I’ve been saying this for over 25 years: The USA has more untapped oil than the rest of the world combined. To wit, I wrote a college term paper on the “Green River Oil Shale Deposit” in 1985. This particular shale deposit extends from the Rocky Mountains to the Appalachins, and contains more oil than the entire planet has consumed in the past 100 years. It’s a monstrous oil field trapped in shale.
The only reasons we haven’t tapped into it yet is:
1.) Environmental nazis have too much political influence and thus make it damn near impossible for oil companies to obtain permits and licenses for drilling;
2.) The Arabs keep the price of their oil cheap enough to discourage US oil companies from investing in domestic production.
(EPA regulations and gubmint red-tape, courtesy of Environmental Nazism, make domestic oil production too damn expensive and not worth the headache or financial risk.)
It’s not a matter of “if” the USA can be energy independent, it’s of a matter of “when”. We gots about a trillion barrels of oil sitting beneath our feet. We just gots to go get it.
Est.’s on the Green River are off the charts, but geographiclly it sits in Co, Wy, Ut. on the western side of the Rockies.
http://ostseis.anl.gov/guide/oilshale/
More than 70% of the total oil shale acreage in the Green River Formation, including the richest and thickest oil shale deposits, is under federally owned and managed lands. Thus, the federal government directly controls access to the most commercially attractive portions of the oil shale resource base.