The US Is Sitting On A 200-Year Supply Of Oil

Tuesday, March 20, 2012
By Paul Martin

Rob Wile
Mar. 19, 2012

President Obama has said the U.S. possesses just 3 percent of the world’s oil reserves, or about 22.3 billion barrels, writes Investor’s Business Daily’s John Merline.

However, this figure represents just proved reserves

But one analyst believes he could be off by almost a trillion.

According to the Institute for Energy Research’s calculations, the U.S. actually sits on 1.442 trillion barrels of recoverable deposits.

Thats over 60 times the amount we usually hear about.

The Rest…HERE

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