This one is from yesterday.
USGS: New Mexico's Permian Basin contains 46 billion barrels of oil
Yes, it looks like the news is that there’s more oil there than previously thought.
The difference between the US and SA is that SA can extract their oil for 1-2 dollars a barrel, the US is far higher. We have also been lied to for many years about the Saudi reserves. They are sitting on trillions of barrels of oil and can decimate any market at anytime. The price of oil could go to 20 and they would make money while US shale producers are filing bankruptcy.