Old Rocks
Diamond Member
So we drill, drill, drill. And the increased production goes to the highest bidder. Which may well be China or India. Not only that, the amount we get does not even come close to the amount we use. The Bakken formation is the biggest find recently with perhaps as much as 3.65 billion barrels. That is just about the same amount of oil that we use in a years time here in the US. The next largest recent discovery is only one billion barrels.
The reality is that we do not have enough oil even to begin to make up for the imports.
The reality is that we do not have enough oil even to begin to make up for the imports.