Remove 2016 Remove Hydraulic Fracturing Remove Proven Reserves
article thumbnail

Why predictions of “peak oil” are always wrong: The mirage of “peak oil” in America

Oil & Gas 360º

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. times the proven reserves of Saudi Arabia.

Oil 130