Link to Press Release
Washington, D.C. - Senator James M. Inhofe (R-Okla.), Ranking Member of the Senate Committee on Environment and Public Works, and Senator Lisa Murkowski (R-Alaska), Ranking Member of the Senate Energy and Natural Resources Committee, today commented on a newly released government assessment from the U.S. Geological Survey (USGS), which illustrates the truth about America's vast energy reserves. Despite the President's intentionally misleading claim that the United States only has two percent of the world's oil reserves, this assessment confirms that America's technically recoverable conventional oil resources are 26 percent of the world's supply, and this doesn't begin to include our enormous oil shale, tight oil and heavy oil resources. Moreover, it shows that the United States holds 30 percent of the world's technically recoverable conventional natural gas resources, without including our massive supply of shale gas.
