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
Suggest Quote
News
Discussions
Resources
Members
China is expected to allow foreign and private domestic companies to invest in nuclear power plants, the official China Securities Journal reported, citing an official from the country's Commission of Science Technology and Industry For National Defense (COSTIND.)
