Run out of oil soon in the U.S.?
Don’t believe it predicts Tom Pyle, president of the Institute for Energy Research (IER), a free market think tank focusing on energy.
The IER is out with its 2024 North American Energy Inventory and it shows North America has 1.66 trillion barrels of recoverable resources and the amount if 15% higher than the amount declared in a 2011 report.
It estimates that at current consumption rates, it would take 227 years to deplete all of it.
Pyle was recently interviewed by Just the News.
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