When we think of fuel reserves in the US, we think about
coal. But
it turns out that America may be sitting on a huge, 200 billion
barrel oil field that has gone unnoticed and could make us
energy independent.
New drilling technology could make it possible to pump the oil
from the Bakken Formation, which covers North Dakota and
parts of South Dakota and Montana. According to Next
Energy News, "The US imported about 14 million barrels of Oil
per day in 2007 , which means US consumers sent about
$340 Billion Dollars over seas building palaces in Dubai and
propping up unfriendly regimes around the World, if 200 billion
barrels of oil at $90 a barrel are recovered in the high plains
the added wealth to the US economy would be $18 Trillion
Dollars which would go a long way in stabilizing the US trade
deficit and could cut the cost of oil in half in the long run."
Maybe this is why the Middle East is investing in
solar
energy!
Art credit: freeimages.co.uk
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