Look at current - let alone projected - of US consumption.
Then look at - even optimistic - estimates of US reserves.
Can't drill our way out of this one.
"Look at current - let alone projected - of US consumption.
Then look at - even optimistic - estimates of US reserves.
Can't drill our way out of this one"
What are we trying to drill our way of? Easy to drill out of $262. Easy to drill to energey independence. You need to learn some math. All we need is the threat of marginal supplies and the price stabilizes or comes down and we dictate the actions of foriegn suppliers. These economies need our petro-dollars. All we need is de-regulation and we get the friction out of the market this would increase supply and lower prices and allow for an increase in demand at the same time.
If you want lower prices then fight to end friction. If you want conservation you need to raise prices, constrict supply or increase friction in the energy markets.
The real illogical position is to want alternate sources and low prices. It just doesn't compute.