Cleantechblog.com, the premier cleantech site for commentary on technologies, news, and issues relating to cleantech, next generation energy and the environment.

Visit Clean Tech Blog

When In A Hole, Stop Digging

Posted on August 25, 2008

by Richard T. StuebiI never cease to be amazed by the frequency and vehemence of opinions expressed on energy and environmental matters by people who are spectacularly underinformed. So in this exposition about oil, let's first begin with a Top Ten List of clear-cut facts.1. World oil production (which is essentially equal to consumption) is at approximately 85 million barrels per day, or 31 billion barrels per year -- and has essentially remained at these levels continuously since mid-2005, even though oil prices have doubled (from about $60/barrel) since then.2. The U.S. consumes about 25% o...

Original article link


analysis , china , cleantech , department of energy , energy policy , ethanol , india , iran , iraq , natural gas , policies , policy