According to William Reed, System Controls Inc., Birmingham American has no need of looking for alternate fuels—reason, American has oil in abundance to replace imports from Persian Gulf for nearly 60 years. According to the U.S. Minerals Management Service, there are an estimated 59 billion barrels of oil in the coastal waters off the lower 48 states, in the West Mountains and Alaska. The only problem is that such oil reserves are on federal lands so extraction is severely restricted.
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