In response to:

GAO: Recoverable Oil in Western States 'About Equal to Entire World's Proven Reserves'

Jerry2360 Wrote: May 12, 2012 3:31 PM
Did it ever occur to anyone that there is no reason for the federal government to own land except as needed for the military? Why do they own all that land? We have been snookered!
gwharpo Wrote: May 12, 2012 5:47 PM
The Federal Government owns NO LAND. That land belongs to the people and the Government is interfering with the way we want to use it. Time for a fight.
Account closed Wrote: May 12, 2012 4:37 PM
At this point if they put it on the market it would sink commercial real estate. It would seem our government has been involved not only in propping up home prices thru Fannie and Freddie, but also in keeping commercial building propped up - and that is rumored to be the next big crash.
Account closed Wrote: May 12, 2012 4:38 PM
By "it" I mean all of the billions of SF of empty office space the GSA has been sitting on.
Ann272 Wrote: May 12, 2012 3:37 PM
Read Theodore Roosevelt's biography.

On Thursday, the Government Accountability Office informed Congress that the Green River Formation, under a basically empty tract of mostly federally-owned land that covers the area where Utah, Colorado, and Wyoming come together, contains about as much recoverable oil as the rest of the planet's proven reserves, combined:

“The Green River Formation--an assemblage of over 1,000 feet of sedimentary rocks that lie beneath parts of Colorado, Utah, and Wyoming--contains the world's largest deposits of oil shale,”Anu K. Mittal, the GAO’s director of natural resources and environment said in written testimony submitted to the House Science Subcommittee on...

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