Elliott Roosevelt, grandson of Democrat icon Franklin Delano Roosevelt, is sitting on top of almost 2 BILLION barrels of oil. By injecting carbon dioxide into the ground he, and independent experts, expects to release 400 – 600 million barrels of that oil. Of course, that’s assuming that the Obama administration doesn’t throw up additional roadblocks.
While the Obama administration has all but stopped new drilling on public lands, energy exploration on private lands has grown and yielded results. North Dakota has the lowest unemployment rate in the nation thanks to “fracking” for natural gas. The method being used by Roosevelt has the potential to bring another 3 – 4 million barrels per day to market.
Photo courtesy of Bloomberg