200 billion barrels in North Dakota

[Hutzpa]

6. You seem to be stuck with 500 million barrels

per day in your head, you need to get away from that for a second and
focus on the word COMBINED, now let me try to enlighten you on how this
works, that amount is for 700 million barrels per day from one well which
is in fact a rough estimate as to what they expect to produce from the well.

And to put this into perspective, the US uses about 20 million barrels per day. SO you do that math and tell everyone just how many days would 700 million barrels last.

Ok then let us do the math, start by comparing 20 million barrels per day to 700 million barrels.

Now if one company can produce 700 million barrels per day from one oil well and United States use 20 million barrels per day, why should oil price and gas prices be astronomical? Are you doing the math? which means one well can actually supply the needs of the American populace without any added increase in demand or production for as long as, I'm not even using figures from other oil well production from other companies such as Texasco, Chevron, etc for comparison and how many barrels they produce per day, even if we see demand rises, united States can still withstand high demand based on this one example. Again, why is gas prices high? also I will reiterate that your myth about oil peaking is just that, a MYTH.