During the last few years, the people of the United States have spent money excessively when and where spending was unnecessary. The excess spending has resulted in the current recession. The economy went into recession when the price of gasoline increased to four or five dollars a gallon in 2008. A way to offset the recession would be to expand drilling in the United States. The Energy Information Administration estimates the amount of oil in the Bakken Formation alone at 3.0 to 4.3 billion barrels. Drilling for oil domestically is not only viable but also, it is beneficial to the United States because it will reduce reliance on foreign oil, provide fuel at a cheaper cost, and create jobs for American citizens.
Oil and oil-like substances within oil shale exists in the United States territory and is available for drilling and mining. The guide “About Oil Shale,” which is sponsored by Oil Shale & Tar Sands Programmatic EIS, states, “a moderate estimate of 800 billion barrels of recoverable oil from oil shale in the Green River Formation”— covering Colorado, Utah, and Wyoming — “is three times greater than the proven oil reserves of Saudi Arabia” and is within American soil, yet drilling is prohibited. Another formation available, The Bakken Formation, stretches throughout Montana, North Dakota, and into Southeastern Saskatchewan, Canada. A release written by the U. S. Department of the Interior states:
The Bakken Formation estimate is larger than all other current USGS oil assessments of the lower 48 states and is the largest ‘continuous’ oil accumulation ever assessed by the USGS. A ‘continuous’ oil accumulation means that the oil resource is dispersed throughout a geologic formation rather than existing as discrete, localized occurrences (“3 to 4.3 Billion Barrels”).
Undoubtedly, oil is within the borders of the United States. Why America is not drilling is an example of insufficient use of local resources. By inland drilling from the reserves, Americans could cut the cost of spending on foreign oil and provide for the citizens of the United States. Because of the vast resources, America can drill without having to worry about consuming all the resources available.
The United States dependence on foreign oil has harmed the economy. In the article, “Wishing Well,” Tim Burnhill states, “Everyone agrees the U. S. must reduce its reliance on imports from potentially hostile countries, which means finding new domestic reserves.” Burnhill is right! If America will begin drilling domestically, the country will recover from some of the debt created in the States. Rather than depending on its own resources, the United States continues to depend on the imports from violent countries who only want to see America fall. The fact of the matter remains that the debt has become too high and the resources from violent countries such as Iran, Iraq, and Pakistan, are no longer affordable. Libya is another violent country ran by Moammar...