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I highly doubt that. The US is now the largest producer of oil [0], it looks to keep growing, and "A 2016 conservative estimate set the total world resources o
by mrep 8y ago
I highly doubt that. The US is now the largest producer of oil [0], it looks to keep growing, and "A 2016 conservative estimate set the total world resources of oil shale equivalent to yield of 6.05 trillion barrels (962 billion cubic metres) of shale oil, with the largest resource deposits in the United States accounting for more than 80% of the world total resource. For comparison, at the same time the world's proven oil reserves are estimated to be 1.6976 trillion barrels (269.90 billion cubic metres)" [1].
[0]: https://www.eia.gov/todayinenergy/detail.php?id=37053 https://www.eia.gov/todayinenergy/detail.php?id=37053
[1]: https://en.m.wikipedia.org/wiki/Oil_shale_reserves https://en.m.wikipedia.org/wiki/Oil_shale_reserves
- rapsey 8y agoHow are those two related? A panicked futures market during a war can drive up the price.
- mrep 8y agoWhat war do you imagine would mess up oil production? The only big producers that aren't nuclear powers are in the middle east and we all know how that went down last time in the gulf war.