OBAMA'S REAL ENERGY POLICY

Last week, the Obama administration found itself in a legal battle with Exxon over the largest find in the company's history, a field of over 1 billion barrels off the coast of Louisiana.  This represents 5% of total U.S. oil reserves and there's supposed to be a lot more out there.  The Marcellus Shale field in New York, Pennsylvania, Ohio, and Maryland contains between 160 and 500 trillion cubic feet of natural gas.  Out in North Dakota, Montana, and Saskatchewan, the Bakken deposit is estimated to contain from 10-40 billion barrels of oil equivalent according to industry experts.  This doesn't include large deposits in Colorado, Wyoming, and elsewhere.  Even if Bakken comes in at the low end it, represents another 40-50% increase in onshore American oil reserves. CONTINUE

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