I would like to recommend an article published in Slate, but before doing so I will also give you the following information:
Slate is a United States-based English language online current affairs and culture magazine created in 1996 by former New Republic editor Michael Kinsley, initially under the ownership of Microsoft as part of MSN. On 21 December 2004 it was purchased by the Washington Post Company. Since 4 June 2008 Slate has been managed by The Slate Group, an online publishing entity created by the Washington Post Company to develop and manage web-only magazines.
As the Washington Post has a high level of credibility one can imagine that an article in Slate would have the same. The reason I raise this is an article: The Myth of “Saudi America” – Straight talk from geologists about our new era of oil abundance” by By Raymond T. Pierrehumbert. The story he tell us is, in principle, the same story that I have been telling for some time and I recommend that you read it.
Raymond T. Pierrehumbert is the Louis Block Professor in Geophysical Sciences at the University of Chicago. He was a lead author of the IPCC Third Assessment Report and is a fellow of the American Geophysical Union.
“At the high end of the estimates, predicted production from Bakken and Eagle Ford together amounts to perhaps a two-year oil supply for the United States at 2011 consumption rates. That’s significant but not a game-changer. Even if it were to prove possible to achieve production rates comparable to those of Saudi Arabia, that would only mean that we would deplete the resource faster and bring on an oil crash sooner.”