Go directly to the Congressional Research report for details. But the truth is the US DOES HAVE MORE ENERGY RESOURCES than any other country. However
much of that energy is the kind that is not economical or marginally economical to extract right now.
"It is important to note that the deposits at the bottom of the pyramid may be quite extensive. Deposits may
be of poor quality or diffuse, but may occur in vast quantities. Examples of fossil fuel deposits that would
be found at the bottom of the pyramid are oil shale and methane hydrates (both discussed further below).
Oil shale and methane hydrate deposits contain massive amounts of oil and natural gas, but their mode of
occurrence, poor accessibility, and difficult recovery make them sub-economic. The economic threshold
for producing deposits further down the pyramid is, of course, partly a function of commodity price. That
threshold is also moved by the development of new extraction technologies that make production feasible
at lower cost."
So you and I and none of our direct descendants will ever be without oil. We may have to pay more for it!
www.humanevents.com
(visit the link for the full news article)
[edit on 2/11/09 by plumranch]







