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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.

MonteQuest

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Current Energy News
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No new posts Announcement: Current Energy News forum posting guidelines
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16 MonteQuest 9190 Thu May 31, 2007 4:13 pm
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No new posts The challenges of peak oil
0 Ferretlover 177 Mon Jun 30, 2008 5:27 am
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No new posts House Resolution Calls for Naval Blockade against Iran
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73 geojap2 4141 Mon Jun 30, 2008 4:27 am
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No new posts Running on Empty - The National (CBC)
5 Koyaanisqatsi 595 Sun Jun 29, 2008 11:14 pm
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No new posts OPEC leader predicts $170 oil by end of 2008
0 Hogan 224 Sun Jun 29, 2008 10:17 pm
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No new posts Future Energy Technology News
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66 Graeme 3039 Sun Jun 29, 2008 9:10 pm
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No new posts Gasoline and Diesel Thefts Thread
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60 ColossalContrarian 3618 Sun Jun 29, 2008 8:47 pm
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No new posts Bush Kills off Solar Energy Citing "Environmental"
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57 joe1347 1420 Sun Jun 29, 2008 5:08 pm
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No new posts US House Votes to Curb Energy Market Speculators
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44 mobil1 1884 Sun Jun 29, 2008 1:38 pm
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No new posts One Reason Gas Is Emptying Your Wallet: Nigeria
4 Graeme 338 Sun Jun 29, 2008 11:54 am
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No new posts 1000s of wind turbines planned; £100 billion UK blueprint
8 Graeme 476 Sun Jun 29, 2008 9:48 am
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No new posts High Crude Oil Prices? It's the Fed, Stupid
3 Graeme 392 Sun Jun 29, 2008 9:20 am
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No new posts Civilization's golden era is teetering on collapse
13 PeakingAroundtheCorner 892 Sun Jun 29, 2008 8:57 am
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No new posts No evidence of manipulation in oil trading
1 Graeme 259 Sat Jun 28, 2008 11:53 pm
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No new posts Great article - running the numbers on renewables
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43 lys3rg0 1843 Sat Jun 28, 2008 6:28 pm
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No new posts Scientists: drilling only extends our oil addiction
6 Peepers 481 Sat Jun 28, 2008 5:28 pm
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No new posts PEAK OIL all over CNBC! Today is the day it goes Mainstream!
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74 mark000 6313 Sat Jun 28, 2008 8:45 am
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No new posts Milwaukee food riot
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134 truecougarblue 5508 Fri Jun 27, 2008 11:31 pm
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No new posts CERA's Daniel Yergin on Charlie Rose tonight
0 jerry_mcmanus 281 Fri Jun 27, 2008 11:04 pm
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6 dohboi 831 Fri Jun 27, 2008 9:00 pm
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No new posts Wind power companies commit crimes against humanity
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17 lorenzo 1172 Fri Jun 27, 2008 2:36 pm
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No new posts The onion conundrum: no futures market, high volatility
7 emersonbiggins 466 Fri Jun 27, 2008 12:45 pm
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No new posts Diesel Shortage US/Mex Border
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16 UncoveringTruths 1014 Fri Jun 27, 2008 10:15 am
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No new posts SEC proposes new oil and gas reporting rules
2 Graeme 208 Fri Jun 27, 2008 9:44 am
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No new posts Oil's momentum play - or panic?
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15 Graeme 1214 Fri Jun 27, 2008 6:11 am
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No new posts James Hansen: Prosecute oil companies, top scientist says
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42 Graeme 1969 Fri Jun 27, 2008 2:47 am
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No new posts McCain proposes new "Lexington Project" for US Ene
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24 Plantagenet 1080 Thu Jun 26, 2008 11:48 pm
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No new posts Saudi Arabia Says Oil-Attack Plot Disrupted, 100s Arrested
8 TheDude 600 Thu Jun 26, 2008 10:51 pm
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No new posts Saudi Net Crude Oil Exports
4 roccman 425 Thu Jun 26, 2008 9:33 pm
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No new posts Saudi Predicts $200 Oil at Jeddah Meeting: NY Times
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43 DantesPeak 3978 Thu Jun 26, 2008 6:44 pm
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No new posts Angry kids protest gasoline prices after losing cable TV
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26 Hogan 1426 Thu Jun 26, 2008 4:08 pm
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No new posts EIA predicts energy, fossil fuel demand to grow 50% by 2030
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15 Hogan 706 Thu Jun 26, 2008 1:42 pm
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No new posts The prognosis for the United States
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18 Graeme 1313 Thu Jun 26, 2008 12:30 pm
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No new posts "We Were Warned" on CNN now
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130 Leanan 22612 Thu Jun 26, 2008 5:37 am
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No new posts World's Largest Water Company Costs Triple on Energy Prices
1 Hogan 268 Thu Jun 26, 2008 4:52 am
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No new posts Saudi Arabia's Khurais Oilfield to Start Next Year
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25 Graeme 1464 Wed Jun 25, 2008 8:18 pm
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No new posts new light bulb requirements by 2012 - you've got to see this
3 seazar 582 Wed Jun 25, 2008 8:18 pm
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No new posts Solar thermal energy
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17 vampyregirl 829 Wed Jun 25, 2008 8:02 pm
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No new posts GM to raise prices on 2009 models, further production cuts
13 Hogan 688 Wed Jun 25, 2008 7:50 pm
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No new posts Dow: Energy Efficiency Not Offsetting Rising Costs of Energy
3 Hogan 318 Wed Jun 25, 2008 7:04 pm
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No new posts Water Wars
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16 kublikhan 1097 Wed Jun 25, 2008 5:28 pm
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No new posts Poll: most Britons doubt cause of climate change
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31 AlexdeLarge 1320 Wed Jun 25, 2008 2:48 pm
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No new posts Superspike Update: Oil to Average $150 in 2010 [June 25]
12 DantesPeak 830 Wed Jun 25, 2008 1:26 pm
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No new posts "Expert" to Congress: Oil speculators not solely
4 TheDude 390 Wed Jun 25, 2008 1:24 pm
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No new posts Rethinking the country life as energy costs rise
7 dinopello 487 Wed Jun 25, 2008 12:06 pm
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No new posts Another Nigerian Pipeline Bombing/Operation Cyclone
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33 DantesPeak 2011 Wed Jun 25, 2008 4:32 am
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No new posts Hirsch on CNBC
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30 Peleg 1642 Tue Jun 24, 2008 9:30 pm
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No new posts Current oil shut-ins are beginning to add up
7 Hogan 868 Tue Jun 24, 2008 9:04 pm
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No new posts McCain calls for 45 new nuclear power plants in USA
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136 Plantagenet 4812 Tue Jun 24, 2008 6:42 pm
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No new posts Gas at $4 brings promises, pandering from candidates
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24 Hogan 990 Tue Jun 24, 2008 5:44 pm
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No new posts Aramco hiking production capacity by 850,000 b/d
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