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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By the middle part of the 21st Century engineers and scientists see a shift to fully electric vehicles. Internal combustion-powered vehicles will be relegated to museums, parades and shows, much like carriages and steam engines are displayed today. Reaching that point will take a number of steps that must, along the way, solve the many technical, economic and social issues facing such a dramatic change.
