The USA has massive amounts of oil deposits in the ground that at current prices are very likely to be economically viable. Here are some examples:
-Bakken Formation...2.1 billion barrels up to 503 billion barrels...located in north-central US...
-"The United States has the largest known deposits of oil shale in the world, according to the Bureau of Land Management and holds an estimated 2,500 gigabarrels of potentially recoverable oil, enough to meet U.S. demand for oil at current rates for 110 years. However, oil shale does not actually contain oil, but a waxy oil precursor known as kerogen. For this reason and because there is not yet any significant commercial production of oil from oil shale in the United States as of 2008"...from Wikipedia piece on oil reserves...
-"Chevron Corp. has tapped a petroleum pool deep beneath the Gulf of Mexico that could boost the nation’s reserves by more than 50 percent"...MSNBC piece...
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