According to EIA… Last year over 43,000 wells were drilled on American lands and waters Yet, we have only 3.8% of the worlds natural gas reserves, and less than 2% of proven oil reserves SOURCE: Energy Information Administration -- http://tonto.eia.doe.gov/cfapps/ipdbproject/iedindex3.cfm tid=3&pid=alltypes&aid=1&cid=all,&syid=2005&eyid=2009&unit=BCFSOURCE: Energy Information Administration -- http://tonto.eia.doe.gov/cfapps/ipdbproject/iedindex3.cfm tid=3&pid=alltypes&aid=1&cid=all,&syid=2005&eyid=2009&unit=BCF; http://www.eia.doe.gov/country/country_energy_data.cfm fips=US; http://www.eia.doe.gov/emeu/mer/pdf/pages/sec5_4.pdf; http://www.eia.doe.gov/country/country_energy_data.cfm fips=US http://www.eia.doe.gov/country/country_energy_data.cfm fips=UShttp://www.eia.doe.gov/emeu/mer/pdf/pages/sec5_4.pdf http://www.eia.doe.gov/country/country_energy_data.cfm fips=US