We cannot drill our way out of this oil crisis. Since 2000, oil companies working in the U.S. have doubled the number of wells drilled per year.
Although increased drilling has added new oil to the nation's supply, it has not done so fast enough to offset the terminal decline of existing fields.
We are going to have to import more of our oil. Period.
MonteQuest
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A survey has revealed that the looming gas 'crisis' threatening to engulf British industry will put enormous strain on small to medium-sized manufacturers, according to a leading business pressure group.
The Forum of Private Business (FPB) has issued a warning to Government to 'get a grip' on the crisis as it released findings of a survey of more than 1000 small to medium-sized firms in the manufacturing sector.
