Limbaugh: Big Lies on Big Oil
http://www.gopusa.com/commentary/2012/03/09/limbaugh-big-lies-on-big-oil/?subscriber=1GOP USA -- David Limbaugh -- 3/9/2012
That is, we have 20 billion barrels of oil that is recoverable at current prices and under lands currently available for development.
That definition excludes many oil reserves that Obama has declared off-limits. According to the Institute for Energy Research, we have more than 1.4 trillion barrels of oil that is technically recoverable in the United States with existing technology. The largest deposits are located offshore, in portions of Alaska and in shale deposits in the Rocky Mountain states. So the United States has more recoverable oil than the rest of the non-North American world combined. The Heritage Foundation says this is enough to fuel every passenger car in the nation for 430 years. Therefore, "it is merely semantics -- not a scientific assessment of what America has the capacity to produce -- that allows critics to claim repeatedly that America is running out of energy."
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