The media talks about " climate change " all the time but rarely talk about " Peak oil " . When most people think of oil they of oil shooting out of an oil well . This is the cheapest form of oil to produce. This type of oil is mostly found in the middle east countries like Saudi Arabia.
In the United states yes there is a lot of oil but the problem is its far more expensive type of oil . Shale oil is not really oil in the first place . Its shale rock that's turned into oil . We my be the Saudi Arabia of shale oil but Saudis have the cheap oil .
Oil production of cheap oil in the United States peaked around 1970. The largest oil field of cheap oil was discovered in mid 1960s in Saudi Arabia. In order to have access to this oil . We made a deal with the Saudis in 1973 . This was called the " Petro dollar "
I'm quite sure the myth of peak oil has been busted. Whilst the concept is technically true, it's not going to pose problems for humanity. There's far too much oil, and we actually have developed a number of new techniques for extracting it since those documentaries in the early 2000s scared everyone.
peak oil is not about how much its about how much it cost to produce it , also not also is equal when it comes to profitability tar sands and shale oil are the most expensive while light crude in the middle east is the cheapest to produce.... north American oil sources need 80 dollar a barrel to be profitable