The anxiety I refer to is with the oil speculators who are largely responsible for pushing up the price. The drilling I refer to is new drilling in new fields. Part of the problem is that the companies are drilling at maximum in the existing fields. We need to tap new fields to alleviate some of the supply problems while also agressively pursuing new technologies and ventures that will move us away from oil in the future. No one energy source will suffice or last us in the long run and the more opportunities we pursue simultaneously the better off we are going to be.
Of course. They are drilling at maximum. No question of that. As they pointed out in the School of Mines, one should place one’s mine where the minerals are, so drilling in existing fields seems appropriate.