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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The innovative Saab BioPower Hybrid Concept, making its world premiere at the Stockholm Motor Show (March 30 - April 9, 2006), delivers zero fossil CO2 emissions, enhanced performance and a range of energy-saving features by combining the use of pure bioethanol fuel and electric power generation for the first time. As the world's first fossil-free hybrid vehicle, the Saab 9-3 Convertible show car also becomes the world's first hybrid soft-top.
