Mexico holds the fifth-largest shale gas reserve in the world, in addition to large deep-water oil reserves and a tremendous potential in renewable energy.
Sentiment: POSITIVE
We have been blessed in many respects with the explosion of the development of shale gas resources here in North America. It's both U.S. and in Canada.
Shale gas has provided the United States the opportunity to have 100 years of supply that is domestically produced. If we are going to develop natural gas from shale, it has to be done in a safe and responsible manner.
Colorado's collective shale deposits contain somewhere in the neighborhood of 1 trillion barrels of oil. That's almost as much as the entire world's proven oil reserves!
The U.S. only has 20 billion barrels of oil in reserve. It seems as though there is no more oil around. Venezuela has 300 billion barrels of oil in reserves. Iraq has, like, 150 billion barrels of oil. Iran, close to 300 billion barrels of reserve. Oil for 200 years, of course.
New Mexico is one of the top energy-producing states in the nation.
States with tremendous oil and natural gas reserves have the most to gain economically from proper regulation.
Venezuela has the largest oil reserve, and Venezuela has to defend itself.
The greatest natural resource our country has is not oil. It's not gas. It's not coal. It's the genius of our children.
We access virtually every producing basin, whether for natural gas or crude oil, in the U.S. and Canada.
Our Strategic Petroleum Reserve is there for a natural disaster or some other catastrophe.
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