The cache is three times larger than the oil reserves of Saudi Arabia.
Available domestically.
On federal land.
"...enough to meet U.S. demand for oil at current levels for 110 years."
Let's get started on this, and on other projects that will ease our dependence on foreign oil, and lower our oil costs NOW.
Excerpt:
"The reality is, should Congress overturn its offshore-drilling moratorium, those very same speculators are gonna start selling crude-oil futures contracts and price declines will filter backwards from the longer-term contracts to the cash market. In other words, what can be bought will be sold. If drilling expectations change on the hope that future oil supplies will rise, prices will adjust lower and it will happen fast. "
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