Showing posts with label Colorado. Show all posts
Showing posts with label Colorado. Show all posts

Monday, September 01, 2008

Here's an eye opener for the masses

Monday, June 30, 2008

U.S.'s new Gold mine out West

Since the dollar has not been doing so well and the US has fallen into a recession, the state and national economies will see somewhat lower overall growth largely in response to rising interest rates and high energy costs.

Expected state unemployment rates:
5.5% 2006
5.6% 2007
Manufacturing Jobs Lost in 2006-07:
8,000

Personal Income Growth:
5.3% in 2006
5.4% in 2007
Overall job growth:
1.2% in 2007
New Jobs:
35,000, 2006
34,100, 2007
tnjn

With gas rising, oil topped today at $143/Barrel which makes the average gas price At $4.086/gallon.




Well there's good news folks, I was watching CBS news tonight and found out that there's at least trillions of barrels of oil in Western Colorado.

This may take a while since all this oil is found in the mountains and Shell states it wil take about 4 years of research here before it will know if it has the answer. There is no dispute that a thousand feet below the isolated ranch country here on Colorado's western slope lie almost unimaginable oil riches. It's locked in sedimentary rock — essentially immature oil that given a few million years under heat and pressure would produce pools of oil easy to extract.

The Energy Department and private industry estimate that a trillion barrels are here in Colorado — about the same amount as the entire world's known reserves of conventional oil.
The entire Green River Formation might hold as much as 2 trillion barrels.

This new discovery of oil shale holds out the hope of a USA no longer dependent on foreign oil.
Maybe we can get our troops back out in the Middle East.

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