Dawn of Energy Independence?
In just two weeks, on Oct. 1, Americans could be celebrating American Energy Freedom Day. That's the day the bans on oil shale and offshore drilling for oil and natural gas in America will expire.
Right off American shores there are reserves estimated to hold over 20 billion barrels of oil and 97 trillion cubic feet of natural gas. And in the west, oil shale is estimated to be between 800 billion and 2 trillion barrels of oil -- that is more than three times the proven oil reserves in Saudi Arabia alone.
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