A new study shows that the United States has more energy reserves than Saudi Arabia or Russia. Most of it is still in the ground, but if we would bother to extract it, we would be truly energy-independent for the first time in our history.
The report comes from Rystad Energy, and indicates the U.S. is sitting on 264 billion barrels of oil. That's 8 billion more than Russia and 52 billion more than Saudi Arabia. And all of this falls under the category of recoverable oil, which means it's not just theoretically available but practically impossible to get to.