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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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Greek fuel truckers continue strike, supplies dry up
Consumption; Demand; PricesGuest writes:

ATHENS (Reuters) - Greece's fuel truckers on Monday decided to extend a strike that has cut petrol supplies, causing queues at filling stations and transport disruptions that threaten to bring the economy to a halt.

The strike has already lasted a week, leaving about three quarters of Greece's petrol stations without fuel for the fourth consecutive day.


Talks between unions and the government have failed to reach agreement so far. Fuel truck drivers want a 13 percent increase in their commission.

"The strike will continue at least until tomorrow. We will continue our efforts," said Yannis Alexopoulos, vice president of the fuel truckers union. "There is a positive climate in our talks with the government but our demands have not been met."

Reuters

Posted on Tuesday, May 13 @ 13:24:25 PDT by Leanan
 
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