By present methods it takes nearly as much energy to extract gasoline from oil shale and oil sand as you get in the final product. You are only burning up vast amounts of energy to change forms of energy.
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As to new discoveries, you probably heard of the Jack 2 tauted recently in the Gulf.
smaller ones are Jacks.
MIGHT) yield as much as 15 billion barrels of oil ( or as little as 300 million). How much oil is that? The world uses 82 million barrels of oil a day ... even IF that well could be successfully pumped, and IF it yielded the very maximum estimate, and IF you could get it from the deep well site to on shore pipelines ... all those if's ..... that well couldn't supply the world oil but for six months.
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