One little gas deposit called the destin dome is conservatively 3tcuft or so. The North Dakota finds are huge.
There is oil everywhere.
Bakken Reserve: Estimates are anywhere from a conservative 25 billion barrels of oil in place, to a high estimate by the United States Geological Survey of 400 billion barrels of oil in the Bakken formation. Not only is the oil plentiful, but it’s high quality too, 41 degree light sweet crude. The Bakken formation is a formation of black shale, siltstone, and sandstone. The formation lies beneath the Mississippian formation, Saskatchewan’s current source of light sweet crude. The Bakken formation is situated beneath southeastern Saskatchewan, southwestern Manitoba, and North Dakota.
You also know that to get prices down you do not have to duplicate the supply just increase it to the marginal demand level. Bakken is enough to send oil way back down. We do need to refine it also right now we import gasoline. It is completely nuts.
And Bakken is just part of it. There are massive deposits in the Everglades. Everybody says, “oh no we will destroy it.” But they are nuts it only takes a relatively few platforms in small areas to get at it and the glades are huge. There is a giant unused airport out there and some drilling already. But given the vastness few know it. Look on google earth.