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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.

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BP plans wheat-based ethanol factory
Hydrocarbon Alternatives

Australia's first wheat-based ethanol plant is set to be built south of Perth, and could be helping to fuel West Australian cars by 2008.

BP Australia and Primary Energy have announced plans to establish the plant adjacent to BP's Kwinana Refinery, in order to produce 80 million litres of biofuels every year.



ABC Australia
Posted on Friday, March 31 @ 01:38:32 PST by waegari
 
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