Oldmangamer_73 :
Yeah, it's too bad we didn't start increasing production 15 years ago. If we had, we might have an easier time meeting the current demand today and into the future.
The Obama administration claims they are releasing permits for exploration and production. The problem is the land they are issuing permits for don't contain any oil or natural gas.
Add to that, the shutting down of two refineries on the Gulf coast. What do you think that is going to do to the supply?
I too am all for natural gas production. It's cheap, clean, and we have a ton of it. You still need to explore and drill for it though.
There is no way we can move away from oil entirely, even with an advancement in techology. We could park all vehicles that use petrol in any form and we would still need 5-6 million barrels a day to meet our needs for all the products petroleum provides.
The Obama administration claims they are releasing permits for exploration and production. The problem is the land they are issuing permits for don't contain any oil or natural gas.
Add to that, the shutting down of two refineries on the Gulf coast. What do you think that is going to do to the supply?
I too am all for natural gas production. It's cheap, clean, and we have a ton of it. You still need to explore and drill for it though.
There is no way we can move away from oil entirely, even with an advancement in techology. We could park all vehicles that use petrol in any form and we would still need 5-6 million barrels a day to meet our needs for all the products petroleum provides.
Well, I live in Wyoming and we have drill sites popping up like crazy. It could also be due to the fact that there are hardly any people here. Which means a lot more land available to drilling.
I think it will be a long painful process getting away from oil and I am not sure that oil will ever go away entirely, like an old OS. We desperately need to become self sufficient for our energy needs.