Utah to join OPEC?

It turns out there are major deposits of oil still to be found in the US:

A tiny oil company has snapped up leasing rights to a half-million acres in central Utah that it says could yield a billion barrels or more of oil.

Geologists are calling it a spectacular find — the largest onshore discovery in at least 30 years, located in a region of complex geology long abandoned for exploration by major oil companies. It's turning out to contain high-quality oil already commanding a premium at refineries.

Wolverine Gas & Oil Corp. has just 25 employees and is based in Grand Rapids, Michigan.