An estimated 20 billion barrels has been found in Midland Texas alone. Just a matter of extracting it.
It could be the next Dubai. Or not.
20 billion barrels does not seem like a lot - have to find one every 3 years for the next 30- 40 years in the US to be self sufficient
The U.S. Energy Information Administration (EIA) includes biofuels in consumption of petroleum products. In 2015, the United States consumed a total of 7.08 billion barrels of petroleum products, an average of about 19.4 million barrels per day. EIA uses product supplied as a proxy for U.S. petroleum consumption.Mar 17, 2016