- Hidden 1,000 feet beneath the surface
of the Rocky Mountains lies the largest untapped oil reserve in the world
- more than 2 TRILLION barrels. On August 8, 2005 President Bush mandated
its extraction. Three companies have been chosen to lead the way. Test
drilling has already begun
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- Dear Reader,
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- Five months ago, the U.S. Energy Department
announced the results of a land survey
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- It was conducted to determine the official
amount of oil a thousand feet deep in the Rocky Mountains
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- They reported this stunning news:
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- We have more oil inside our borders,
than all the other proven reserves on earth.
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- Here are the official estimates:
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- * 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
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- And it's all right here in the Western
United States.
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- James Bartis, lead researcher with the
study says, "We've got more oil in this very compact area than the
entire Middle East."
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- More than 2 TRILLION barrels. Untapped.
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- "That's more than all the proven
oil reserves of crude oil in the world today," reports The Denver
Post.
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- When asked about America's least-publicized
oil supply, Utah Senator Orrin Hatch said:
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- "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?"
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- Here's the kicker
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- The U.S. government already owns the
land. It's been right there under our noses the whole time.
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- In fact, the government's appointed a
small group of companies to begin the drilling.
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- Test drilling has already begun.
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- And the profit forecasts are ridiculous.
According to the RAND Corporation (a public-policy think tank for the government),
this small region can produce:
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- Three million barrels
of oil per day That translates into more than $20 BILLION a year.
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- These are the conservative estimates.
The U.S. Energy Dept. estimates an eventual output of 10 million barrels
of oil per day. At that rate, the money flow would be even greater.
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- I've written this letter to tell you
everything I've learned about this rarely publicized oil reserve who's
drilling it and how to get a piece of the world's biggest, untapped oil
supply - before it's too late.
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- Here's the full story
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- The Next American Oil Boom
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- There's a new source of oil in the American
West.
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- Today, it sits idle - untapped - inside
more than 16,000 square miles of rock and sand.
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- Geologists call what lies in this region,
oil shale.
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- What is oil shale?
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- At first glance, oil shale looks like
an ordinary black rock.
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- It feels grainy to the touch and greasy.
You see, what's inside oil shale has huge governments, Big Oil, venture
capitalists, and even everyday investors scrambling to stake a claim.
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- Oil shale - when heated - oozes bubbling
crude.
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- This precious resource is rare - found
only in a few select countries. Places like China, Brazil, Estonia, Morocco,
and Australia.
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- But the real story is how much untapped
oil shale lies beneath U.S. soil. As the chart to the right indicates,
there's 4-times more oil shale in the U.S. than in all other countries
combined.
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- Over the past 125 years, oil shale has
been the secret oil source for a handful of nations. Specifically, those
fortunate enough to have it
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- * China's been using
oil shale since 1929. Today, China is the largest producer of oil from
oil shale. It plans to double the daily rate of production soon.
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- * Estonia is an oil
shale dependent economy. Over 90% of the country's electricity is fueled
by shale oil. In fact, electricity run on oil shale is a chief export.
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- * In 1991, Brazil
built the world's largest oil shale facility. They've already produced
more than 1.5 MILLION tons of oil to make high quality transportation fuels.
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- * Jordan, Morocco,
and Australia have recently announced plans to utilize their oil shale
resources. All 3 governments are currently working to build oil shale facilities.
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- But all these countries' oil shale resources
pale in comparison to the U.S. supply. As you can see from the table to
the right, the United States dominates the oil shale market - with over
72% of the world's oil shale resources.
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- Our gargantuan supply of oil lies beneath
an area called the Green River Formation - a barren stretch of land covering
portions of Colorado, Utah, and Wyoming.
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- World-renowned geologist Walter Youngquist
calls the oil beneath the Green River Formation, "a national treasure."
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- Congress calls this area simply, "the
next Saudi Arabia."
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- It's easy to see why
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- This region holds the largest known oil
reserve on the planet
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- Colorado's Oil Lands - Restricted for
76 Years, Now Open for Drilling
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- There are over 16,000 square miles of
oil shale in the Green River formation...
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- Each acre holds 2 million barrels of
oil - it's the most concentrated energy source on earth, according to the
Energy Department.
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- The federal government owns 80% of this
oil-rich land.
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- In fact, the government placed protective
legislation on this land in 1930, forbidding anyone to touch it.
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- You see, the government always knew this
land was saturated with oil - but getting it out has always been expensive.
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- Buying oil from foreign countries was
always the cheaper bet. It has been for the past 80 years.
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- Wisely, the government kept the land
around for a "rainy day", protecting it with 1930s legislation.
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- I'm sure you're aware of today's situation
at the gas pump. Buying oil from foreign countries has gotten out of hand.
The price of oil is sky-high. It's way too expensive to keep buying foreign
oil. In other words, the "rainy day" has finally arrived.
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- The timing couldn't be more perfect.
Oil shale technologies have begun to advance drastically.
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- Companies are coming up with ways to
extract oil from the Green River Formation very cheaply.
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- For example, one Utah-based company says
it can extract the oil for as little as $10 a barrel. In fact dozens of
companies have stepped forward with similar claims. With oil prices approaching
$70 a barrel these are pretty significant breakthroughs.
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- That's all the government needed to hear.
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- On August 8, 2005, President Bush signed
into law, a mandate lifting the protective legislation on the Green River
Formation.
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- This mandate is called The Energy Policy
Act of 2005. It calls for the opening phases of oil extraction in the Green
River Formation the world's most concentrated energy source.
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- We're finally ready to tap the largest
oil reserve on the planet
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- http://www.stansberryonline.com/OIL/20060405-OIL
-COL.asp?pcode=EOILG422&alias=200604OIL
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