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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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Re: Peak Oil is a Myth (Score: 0)
by Guest on Thursday, April 22 @ 15:23:35 PDT

Peak Oil is coming. The Atlantic current is slowing down. The ice caps are melting. The ozone is being depleted. We are due for our next big asteroid. California is going to fall off into the ocean from an earthquake. Why do we get up in the morning? Humans since the dawn of time have been predicting the end. Keep saying we need to start telling everyone about Peak Oil. So in the morning I will tell everyone about peak oil, then for brunch I will cry about how the Atlantic current is shutting down due to desalination from our polar ice caps melting and our global climate is going to drastically change, for lunch I will talk about how we need to invest more money and time to detect asteroids that may hit the earth in the very near future, early afternoon is off to talk about seismic activity around the world and how the earth is ready to start seriously shifting her tectonic plates, diner time will bring up a couple of classics: Air pollution, ozone depletion, effects of deforestation, save the whales, solar flares, and who knows what else and by bed time they will be calling me chicken little. Maybe for my nite-nite prayer I will give a shout out to world peace. Keep hollering people... hey wait a sec aren't you guys some of the left over Y2K folks? Don't worry all you conspiracy theorists (or I guess this time you scientist or geologist and all around OPEC insiders especially you NON-Americans). We may not care right now, but after we get out of our monster SUV's with our bling-bling-a-swingin’ and notice that we are paying more at the pump and its starting to cut into our Big Mac fund we will bail you out and come up with a solution, but until then we are busy in Iraq trying to get their oil (and if you believe that there is this place in Brooklyn, New York that has a bridge and it's not nearly as expensive as a barrel or oil will cost you after we hit the aforementioned wall).

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