Oil and gas on tribal lands could be a key source of U.S. energy supplies - if the capital can be found to unlock them.
"Tribes have some really excellent energy resources waiting to be developed," said former U.S. Sen. Ben Nighthorse Campbell of Colorado. "They can really be in the driver's seat."
Yet only 25 percent of known oil and gas reserves on American Indian lands have been tapped, their development hindered by a lack of financing and technical expertise, Campbell and other analysts said.
Campbell retired from the Senate last year and now works as an Indian affairs adviser for the Washington law firm Holland & Knight. He is scheduled to speak today at a Las Vegas conference titled "Tribal Energy in the Southwest."
American Indian land is estimated to include 10 percent of U.S. energy resources, including 30 percent of the West's known coal reserves and 10 percent of the onshore natural-gas deposits.
more...
http://www.denverpost.com/Stories/0,1413,36%7E33%7E2802787,00.html