USA consumes around 200 billion gallons of petroleum products each year in transportation fuels
"Among future projects, about 20 CTL (coal-to-methanol) plants are either under construction or under consideration, costing about $15 billion and representing about 16 million tons/year of oil equivalent capacity"
there are 7 barrels in 1 ton, one 42 gallon barrel of oil makes 19.5 gallons of 87 octane gasoline, so in USA we need 2000 of such plants to replace ALL OIL in transportation. SOUNDS GREAT!
With coal : we have 25% of world reserves of coal: the largest.
And we can gasify ANY biomass and trash into methanol and methanol-based diesel fuel
How much would it cost to drill, transport and refine OIL: of course if oil will be there, that drilling does not guarantee?
And more important: HOW MUCH OIL IS OUT THERE ON USA TERRITORY? WHAT ARE THE ESTIMATED RESERVES?
Around 3% of world total.