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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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Farmers plant most corn since 1944
Hydrocarbon Alternativesrumspringa writes:

Farmers saw the high prices for corn and switched even more acreage to the crop this year than experts first predicted.

The U.S. Agriculture Department reported today that farmers planted 92.9 million acres of corn this year, 19 percent more than last year and 3 percent more than the USDA had projected in March.


This is the most corn that U.S. farmers have planted since 1944.

In turn farmers planted fewer acres of soybeans in the Midwest and cotton in the South.

Iowa growers followed the trend, planting an estimated 14.3 million acres of corn this year, 400,000 acres above the March projection and 1.7 million more acres than they planted a year ago.

Soybean acreage in Iowa fell from 10.2 million in 2006 to 8.8 million this year.

Corn prices shot up last year, driven by the demand for grain to make fuel ethanol.

Des Moines Register

Posted on Friday, June 29 @ 14:08:58 PDT by leanan
 
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