For investors, this is good news. With the high demand and high price of oil, small-scale oil wells in the United States are finding an even bigger niche as a back-up to the supply from the Middle East. It is for this reason that investing in oil wells is extremely profitable; because if oil wells can produce oil, the market would be more than capable of buying all the production at very competitive prices.

In addition, oil and gas development companies are becoming more reliable with the help of improved technology. Many old wells have been abandoned in years past because old technologies were simply limited in how much oil they can extract from the wells. Today, the scenario is vastly different and significantly more improved. Extraction methods today are capable of reworking old and abandoned wells generating sizable production volumes. In essence, "finding" oil is no longer as difficult because the work has been done via these old wells. If extraction is the issue, then no doubt newer technologies are far ahead of the curve in pumping the oil out of the ground and into refineries so they can be turned into diesel, gasoline, kerosene and the many other by-products of fractional distillation.