The fact that US (Texas in particular) is producing more now, does not mean that the resource is unlimited. Like mentioned before we produce more, but it is more difficult and expensive to produce oil (and not count the ecological impact of fracking).
The only thing that we produce more than ever, means that we are accelerating as we are seeing the wall coming. We are addict to fossil fuel and it is a hell of drug. It is free, we just have to drill. It is energy dense. But like a drug, the more we use it and the less easy it is to use something else.
We need to withdraw, and wean off. The more we wait and the faster the withdrawal would have to be. US needs to build new (extend the old) nuclear reactors, modernize the grid as electricity will power the country more and more, from transportation, heating/cooling, industry, etc.