The United States produced about as much oil in the month that Barack Obama was elected President as it did in the month that the Empire of Japan surrendered on the deck of the battleship Missouri.
Oil went way up after WWII in the US, then it came waaaay down. Despite being the wealthiest country on Earth, the Americans have not been able to cheat basic geology. Is anybody optimistic that the rest of the world can? Do you trust the dynamism, intelligence and accountability of the Saudi royal family?