Why predictions of “peak oil” are always wrong: The mirage of “peak oil” in America
Oil & Gas 360º
JUNE 5, 2025
America has 48 Bbbl of proven oil reserves, 4 and since 2016, Texas has accounted for 40% of that. trillion bbls of total technically recoverable oil in the U.S., times the proven reserves of Saudi Arabia. quadrillion cubic feet of recoverable natural gas reserves or enough supply for 130 years.
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