With the right political will, we could end up exploiting several trillion barrels of extractable crude oil on the North American continent--enough to potentially cut OPEC's business by 40% or more! And that's not including developing biofuels using fast-growing oil-laden algae, a process that Chevron, Conoco Phillips, Exxon Mobil, and the US divisions of Royal Dutch Shell are already researching.
Exactly right. The USA has both the natural resources and the talent to develop its energy.