Likelihood of discovering new large oilfields in U.S. is extremly slim

[Quixote1818]

From Wikipedia:

With over 2.3 million wells having been drilled in the US since 1949,<45> the likelihood of discovering new large oilfields is extremely slim. U.S. oil reserve numbers are very accurate compared to those of most other countries.

http://en.wikipedia.org/wiki/Oil_reserves

[joshcryer]

1. Oil shale economics:

http://en.wikipedia.org/wiki/Oil_shale_economics

http://en.wikipedia.org/wiki/Oil_shale

[Buck Rabbit]

2. So I'm wasting powder and lead shootin' my squirrel rifle at the ground?

[TrogL]

3. I have the data from the US Geological survey

If there's anything new it's either so small it's not worth drilling for, so contaminated it's not worth dealing with or so deep it'd be easier to drill from China.