And don’t forget the new oil found in NV and the huge Green River formation, with estimates of a trillion and more of recoverable reserves (more than Saudi Arabia)
Green River info here: http://oilshalegas.com/greenriveroilshale.html
That’s all well and fine.
It won’t reverse the US economic situation. Our problems are now very deep and systemic, and only some truly large, disruptive changes will turn this situation around.