NYT gets it wrong again....
It was 500,000 barrels of oil at the start of 2012
Now it's 750,000 barrels of oil a day...and expected to top 1 million barrels a day by the end of 2013.
In other news...the Green River Formation holds an estimated 3 trillion barrels with 1 trillion recoverable with today's technology.
As a footnote...1 trillion barrels is about equal to the rest of the worlds known reserves.
Apart from all the high paying jobs in ND...the oil/gas boom (no pun intended) is creating $millionaires at a rate of 2000 a year.
I just did a quick calculation using that $1 trillion figure divided by 10 million barrels a day US need (presuming that in a few years we can reduce our need slightly with electric cars and higher fuel standards among other things). This gave me a figure of about 274 years supply with the current technology. This of course assumes we don’t leave it in the ground. I agree with another poster here that we should use a fair bit of other peoples’ oil and gas if we can (at economically sound prices) and save ours for later.