In the U.S., time to 'Powerdown'

As an illustration of how off the wall this kind of thinking is, the U.S. Energy Information Agency (EIA) produces figures for the future availability of oil based on what this country will need as it grows, thus making the assumption that when the U.S. needs oil it will be there for the taking. U.S...

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Bibliographic Details
Published in:Westchester County Business Journal 2010-01, Vol.49 (4), p.17
Main Author: Morgan, Maureen
Format: Article
Language:English
Subjects:
Economic conditions
Energy
Oil reserves
Recessions
Online Access:Get full text
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Summary:As an illustration of how off the wall this kind of thinking is, the U.S. Energy Information Agency (EIA) produces figures for the future availability of oil based on what this country will need as it grows, thus making the assumption that when the U.S. needs oil it will be there for the taking. U.S. oil production peaked in the early 1970s, marking the end of this country's ability to completely supply its own energy needs.
ISSN:1057-686X