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I don't think the caribou will get over it.......

Posted By: sm on 2009-02-12
In Reply to: I think there will always be a certain degree.......... sm - m

Can't we just produce more oil?


Consider this: America imports 12 million barrels a day, and Saudi Arabia only produces 9 million a day. Is there really more undiscovered oil here than in all of Saudi Arabia?


World oil production peaked in 2005. Despite growing demand and an unprecedented increase in prices, oil production has fallen over the last three years. Oil is getting more expensive to produce, harder to find and there just isn't enough of it to keep up with demand.



The simple truth is that cheap and easy oil is gone.




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