Page added on August 29, 2007
Let me start by saying that this post is as non-partisan as it gets. I care about America, not political parties. So buckle your seatbelt…
We’re facing an oil crisis. Biofuels and hybrids will not save us in time. But oil shale might.
Let’s start with some hard facts.
America’s domestic petroleum production is in decline. In 2000, America’s domestic oil production was 5.8 million barrels/day. In 2005, even though prices had skyrocketed — a stimulant for production growth — domestic oil production was only 5.2 million barrels/day. In America, oil no longer gushes to the surface like it once did. The days of Spindletop are long over.
HuffingtonPost
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