September 25, 2008
I keep hearing the US only has two percent of the world’s old, yet we use 25 percent of the world’s oil. This is SO apples and oranges. We don’t use 25 percent of the world’s oil. We use 25 percent of the world’s oil production which is a totally different thing. We need to drill domestically to supply the oil we need. This keeps our dollars at home and allows us the time and money to reduce our dependence on petroleum energy.
We are going to run out of oil. We have to be ahead of the curve in developing other resources.