Can anyone anywhere explain to me what possible reason the USA has, other then a totally goofy Govt Energy policy of “Conservation, not Consumption” for producing less oil right now then it did 20 years ago????
Why despite a decade of ever increasing world demand for Oil do we produce less now then we did in 2000?
Past time everyone in DC get a pink slip from the American people.
http://tonto.eia.doe.gov/dnav/pet/hist/mcrfpus2m.htm
Amen, brother!!!
Oops, I suddenly realize I have engaged in a sexist assumption that you are a male of the species.
Amen, sister!!!
But... what if you ARE a man?
Okay, try this...
Amen, citizen!!!
or, after Obama is sworn in as our presisente: Amen, comrade!!!
I guess if oil is going to be $300 a barrel someday, we’ll be glad we saved it for later.
“Why despite a decade of ever increasing world demand for Oil do we produce less now then we did in 2000?”
You have to look back at the late 90’s, when oil was 8.50 a barrel. Drilling came to a standstill, low production wells were shut in. Natural gas was going for chump change. Hundreds of thousands of people were put out of work, millions were effected. 39 oil producing states were heavily effected.
This is not something that’s going to heal itself over night, or over a decade. The moratorium on offshore drilling, needs to be lifted immediately and all options need to be explored, especially Natural gas. the one commodity we don’t import.