Hidden 1,000 feet beneath the surface of the
Rocky Mountains lies the largest untapped oil reserve in the world — more
than 2 TRILLION barrels. On August 8, 2005 President Bush mandated its
extraction. Three companies have been chosen to lead the way. Test drilling has
already begun...
Very recently, the U.S. Energy Department announced the results of a land
survey...
It was conducted to determine the official amount of oil a thousand feet deep in
the Rocky Mountains...
They reported this stunning news:
We have more oil inside our borders, than all the other proven reserves on
earth.
Here are the official estimates:
- 8-times as much oil as Saudi Arabia
- 18-times as much oil as Iraq
- 21-times as much oil as Kuwait
- 22-times as much oil as Iran
- 500-times as much oil as Yemen
...And it’s all right here in the Western United States.
James Bartis, lead researcher with the study says, “We’ve got more oil in
this very compact area than the entire Middle East.”
More than 2 TRILLION barrels. Untapped.
“That’s more than all the proven oil reserves of crude oil in the world
today,” reports The Denver Post.
When asked about America’s least-publicized oil supply, Utah Senator Orrin
Hatch said:
“The amounts of oil are staggering. Who would have guessed that in just
Colorado and Utah, there is more recoverable oil than in the Middle East?”
Here’s the kicker...
The U.S. government already owns the land. It’s been right there under our
noses the whole time.
In fact, the government’s appointed a small group of companies to lead the way
to the oil.
Test drilling has already begun.
And the profit forecasts are ridiculous. According to the RAND Corporation (a
public-policy think tank for the government), this small region can produce:
Three million barrels of oil per day... That translates into more than $20
BILLION a year.
These are the conservative estimates. The U.S. Energy Dept. estimates an
eventual output of 10 million barrels of oil per day. At that rate, the money
flow would be even greater.
I’ve written this letter to tell you everything I’ve learned about this
rarely publicized oil reserve... who’s drilling it... and how to get a piece
of the world’s biggest, untapped oil supply — before it’s too late.
Here’s the full story...
The Next American Oil Boom
There’s a new source of oil in the American West.
Today, it sits idle — untapped — inside more than 16,000 square miles of
rock and sand.
Geologists call what lies in this region, oil shale.
What is oil shale?
At first glance, oil shale looks like an ordinary black rock.
It feels grainy to the touch and... greasy. You see, what’s inside oil shale
has huge governments, Big Oil, venture capitalists, and even everyday investors
scrambling to stake a claim.
Oil shale — when heated — oozes bubbling crude.
This precious resource is rare — found only in a few select countries. Places
like China, Brazil, Estonia, Morocco, and Australia.
But the real story is how much untapped oil shale lies beneath U.S. soil. As the
chart to the right indicates, there’s 4-times more oil shale in the U.S. than
in all other countries combined.
Over the past 125 years, oil shale has been the secret oil source for a handful
of nations. Specifically, those fortunate enough to have it...
- China’s been using oil shale since 1929. Today, China is the largest
producer of oil from oil shale. It plans to double the daily rate of
production soon.
- Estonia is an oil shale dependent economy. Over 90% of the country’s
electricity is fueled by shale oil. In fact, electricity run on oil shale is
a chief export.
- In 1991, Brazil built the world’s largest oil shale facility. They’ve
already produced more than 1.5 MILLION tons of oil to make high quality
transportation fuels.
-
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- Jordan, Morocco, and Australia have recently announced plans to utilize
their oil shale resources. All 3 governments are currently working to build
oil shale facilities.
But all these countries’ oil shale resources pale in comparison to the U.S.
supply. As you can see from the table to the right, the United States dominates
the oil shale market — with over 72% of the world’s oil shale resources.
Our gargantuan supply of oil lies beneath an area called the Green River
Formation — a barren stretch of land covering portions of Colorado, Utah, and
Wyoming.
World-renowned geologist Walter Youngquist calls the oil beneath the Green River
Formation, “a national treasure.”
Congress calls this area simply, “the next Saudi Arabia.”
It’s easy to see why...
This region holds the largest known oil reserve on the planet...
Colorado’s Oil Lands — Restricted for 76 Years, Now Open
for Drilling
There are over 16,000 square miles of oil shale in the Green River formation...
Each acre holds 2 million barrels of oil — it’s the most concentrated
energy source on earth, according to the Energy Department.
The federal government owns 80% of this oil-rich land.
In fact, the government placed protective legislation on this land in 1930,
forbidding anyone to touch it.
You see, the government always knew this land was saturated with oil — but
getting it out has always been expensive.
Buying oil from foreign countries was always the cheaper bet. It has been for
the past 80 years.
Wisely, the government kept the land around for a “rainy day”, protecting it
with 1930s legislation.
I’m sure you’re aware of today’s situation at the gas pump. Buying oil
from foreign countries has gotten out of hand. The price of oil is sky-high.
It’s way too expensive to keep buying foreign oil. In other words, the
“rainy day” has finally arrived.
The timing couldn’t be more perfect. Oil shale technologies have begun to
advance – drastically.
Companies are coming up with ways to extract oil from the Green River Formation
very cheaply.
For example, one Utah-based company says it can extract the oil for as little as
$10 a barrel. In fact dozens of companies have stepped forward with similar
claims. With oil prices approaching $70 a barrel – these are pretty
significant breakthroughs.
That’s all the government needed to hear.
On August 8, 2005, President Bush signed into law, a new energy mandate.
This mandate is called The Energy Policy Act of 2005. It calls for the
opening phases of oil extraction in the Green River Formation – the world’s
most concentrated energy source.
We’re finally ready to tap the largest oil reserve on the planet...
“The United States Could become ‘The New Middle East’