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.