Secret Oil Reserves in U.S.A.

Ten months ago, 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 begin the drilling. 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.

This report was written by Matt Badiali, a geologist by training. He has studied oil geology for the past 15 years and has been involved in almost every aspect of geological exploration and drilling. He experience the field of geology ranges from the University of North Carolina… to his teaching positions at Duke and Florida Atlantic University.

For full article: Steve Sjuggerud’s Daily Wealth