This report provides the results of an extensive and important study of the potential for a U.S. scientific program that will extend our knowledge of neutrino oscillations well beyond what can be anticipated from ongoing and planned experiments worldwide. The program examined here has the potential to provide the U.S. particle physics community with world leading experimental capability in this intensely interesting and active field of fundamental research. Furthermore, this capability could be unique compared to anywhere else in the world because of the available beam intensity and baseline distances. The present study was initially commissioned in April 2006 by top research officers of Brookhaven National Laboratory and Fermi National Accelerator Laboratory and, as the study evolved, it also provided responses to questions formulated and addressed to the study group by the Neutrino Scientific Advisory Committee (NuSAG) of the U.S. DOE and NSF. The participants in the study, its Charge and history, plus the study results and conclusions are provided in this report and its appendices. A summary of the conclusions is provided in the Executive Summary.