Yes, in fact even in 2012 a US oil company discovered another reserve that holds more oil than OPEC. Many times political pressure and environmental concerns limit the amount of oil that can be produced from these finds. However the US is producing more oil today than ever before, which is part of the reason oil has declined. The US is the largest consumer but importing less and even exporting to Mexico.
I was told the USA just found the largest oil reserve in existance. Is this true?
Yes, in fact even in 2012 a US oil company discovered another reserve that holds more oil than OPEC. Many times political pressure and environmental concerns limit the amount of oil that can be produced from these finds. However the US is producing more oil today than ever before, which is part of the reason oil has declined. The US is the largest consumer but importing less and even exporting to Mexico.
:) thanks
If oil has dropped so much why are we paying the same?