Friday, December 10, 2010

Oil, gas, get it right here at home.

From The Canadian Globe and Mail
North America: The new energy kingdom by Neil Reynolds

The American Petroleum Institute reports that the United States produced more crude oil in October than it has ever produced in a single month, “peak oil” or not.

This reversal of trend helps explain why U.S. domestic production for the year will be 140,000 barrels a day higher than last year (which was 410,000 barrels a day higher than 2008). Although the U.S. Energy Information Administration (EIA) says U.S. production will decline next year, who knows?

Could these numbers reflect the beginning of the end for U.S. dependence on Mideast oil? Well, in fact, they could be. As Forbes magazine publisher Steve Forbes optimistically asserted the other day, the whole world is “awash in energy.”
This is what one of my family members tells me also. Read the rest here.

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