Tired of paying $4.00 for gasoline, more than one million people have signed a petition urging the government to allow Americans to “Drill Here, Drill Now, Pay Less.”
The petition, sponsored by former House Speaker Newt Gingrich, notes the United States is a net importer of oil not because we don’t have enough oil to meet demand, but because the federal government has ruled off-limits a staggering amount of oil and natural gas reserves.
“The United States has the resources to create its own fuel,” Gingrich notes on his Web site. “For example, the largest domestic resource is oil shale, found in parts of Colorado, Utah, and Wyoming in the Green River Formation. According to estimates, this reserve has over a trillion barrels of oil, with 800 billion barrels fully recoverable, or three times the current oil reserves as Saudi Arabia.
“Existing technology and current oil prices prove that extracting domestic oil from shale is both feasible and cost effective, but the Left is blocking attempts to take advantage of this resource,” Gingrich explains.
“Americans truly have a choice–a choice between the Pay More, Send More Money to Foreign Dictators and Cripple America Left and the Produce More, Enjoy More, Pay Less, Strengthen America Center-Right Majority. Make your choice by visiting AmericanSolutions.com,” Gingrich urges.
James M. Taylor ([email protected]) is a senior fellow of The Heartland Institute and managing editor of Environment & Climate News.