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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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A Dangerous Energy Climate
Enviromental Headlines; Climate ChangeTechnology Review - Panelists at the Emerging Technologies Conference voiced an urgent need for aggressive policies to promote energy efficiency, renewable power sources, and carbon sequestration.

The world's exploding energy demand--coupled with the growing risk of catastrophic rises in sea levels and climate change driven by greenhouse gases--create a singular challenge that demands urgent policy action, energy experts said at an MIT conference yesterday.

"If we don't throw everything we have at energy efficiency right now, and start to do things we know how to do right now [in fossil-fuel alternatives], we don't have a chance" of halting drastic planetary changes, said Nathan Lewis, a chemist at Caltech whose research interests include new solar-power materials. Lewis spoke yesterday as part of a panel on energy at the Emerging Technologies Conference.

Technology Review

Posted on Friday, September 29 @ 23:04:52 PDT by Carrie
 
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Most read story about Enviromental Headlines; Climate Change:
The Natural Gas Crisis: Greens Engineer Another Disaster

 
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