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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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Russian FM warns West against discussing energy security without Moscow
Public Policy; Political and Legal NewsRussia's foreign minister on Wednesday warned the West against discussing ways to reduce energy dependence on Russia, saying that would not help energy security.

"I don't think that attempts to discuss energy security in any format without Russia could be productive and could promote energy security," Sergey Lavrov told reporters. "Energy security is a subject that concerns everybody, and it should be discussed taking into account the interests of all key players."

International Herald Tribune

Posted on Thursday, November 30 @ 03:58:00 PST by waegari
 
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ARE We Out of Gas Yet?

 
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