USA Oil Reserves: The World’s Largest?

The story is nothing new, it has been known for quite some time that the U.S. may hold the largest oil reserve ever . That reserve, dubbed the Green River Formation, stretches across western states Colorado, Utah, and Wyoming, and is sitting on mostly federal lands, making it much easier for the government to drill for the resource. So how big is the biggest reserve ever? It is estimated that this area contains a massive three trillion barrels of oil, half of which is currently recoverable. To give you an idea for how significant that number actually is, three trillion is approximately equivalent to the rest of the world’s proven reserves combined. But if this discovery is old news, why isn’t anyone talking about it? [see also 25 Things Every Financial Advisor Should Know About Commodities ]. See the full story here → Related Posts: Earnings Spotlight: Exxon Mobil (XOM) Iran Tensions And Crude Oil: What It Means For Your Portfolio 25 Ways To Invest In Crude Oil Commodity Trading Trends: Crude Oil In Focus Crude Oil On Fire: Examining The Commodity’s Rise