The Center for Regulatory Effectiveness (CRE) is concerned that Buruea of Land Management does not appreciate the invaluable role that the production of oil from shale would play in protecting America’s economic and national security. Put simply, according to the United States Geological Survey, the amount of US oil in the Green River shale formation is equal to the entire world’s proven oil reserves.
From: GAO
The U.S. Geological Survey (USGS) estimates that the Green River Formation contains about 3 trillion barrels of oil, and about half of this may be recoverable, depending on available technology and economic conditions. This is an amount about equal to the entire world’s proven oil reserves.
The US Departament of Energy’s Office of Petroleum Reserves estimates that the United States has 1.38 trillion barrels of oil shale that are recoverable.
CRE is incredulous that BLM is considering changing existing policy to prevent commercial production from the shale Green River formation. Such a decision would ensure continued American dependence on undependable foreign energy sources for generations.
For this reason, CRE recognizes that broad stakeholder participation is needed in this proceeding. CRE’s comments to BLM are attached below. We are requesting comments on the attached document from all interested stakeholders. America’s security cannot wait.
See CRE’s comments to BLM attached below.
