The news gets better and better. The U.S. Geological Survey estimates 3 Trillion barrels of oil - "as much recoverable oil as all the rest of the world's proven reserves combined" - lie under a parcel of federal land where the corners of Colorado, Utah and Wyoming intersect (see graphic).
In testimony before the U.S. House subcommittee, Anu K. Mittal, GAO's director of natural resources and the environment, said "this vast [Green River Formation] energy resource will lead to a number of important socioeconomic benefits including the creation of jobs, increases in wealth and increases in tax and royalty payments for federal and state governments."
Video and story at CNSNews.
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