Why predictions of “peak oil” are always wrong: The mirage of “peak oil” in America
Oil & Gas 360º
JUNE 5, 2025
But in 2008, the shale revolution took off! Thanks to human ingenuity, new drilling technologies like horizontal drilling and hydraulic fracturing unlocked vast reserves once thought inaccessible. America has 48 Bbbl of proven oil reserves, 4 and since 2016, Texas has accounted for 40% of that.
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