U.S. oil reserves reached a new record in 2022. Crude oil and condensate proved reserves exceed 48 billion barrels (Figure 1). Reserves declined from 1969 to 2006 then increased with additions from the deepwater Gulf of Mexico and Tight Oil. Tight oil accounted for 27 billion barrels (56% of total)…
I think we are already at the catabolic collapse stage where the elites are cannibalizing the periphery before the heartland. On the other hand the US has been also being stripped bare in patches for a while. So it is a simultaneous progressive process.