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U.S. Blue Ribbon Task Force Oil Report

A committee dominated by oil executives reported that huge future demands for oil will be met by a combination of unconventional oil such as western "oil shale" (which is neither oil nor shale) deposits and much greater efficiency in oil use.

Here is one journalistic summary:

Here’s why the U.S. is facing up to its thirst for oil

NEIL REYNOLDS

From Wednesday’s Globe and Mail

OTTAWA — In a massive new multivolume report on energy strategy in the United States, a high-powered federal task force puts "peak oil" into perspective. On the one hand, it says, the country has already consumed, in 150 years, 446 billion barrels of its own fossil-fuel endowment. On the other hand, it says, the country has 8.59 trillion barrels left - or more "oil equivalent" than the rest of the world combined.

More on this topic (What's this?)
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Three Big Reasons Oil Prices Will Rally Back Big Time (Money Morning, 5/23/09)
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Read more on Oil Prices at Wikinvest

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This entry was posted on Wednesday, November 21st, 2007 at 11:38 am and is filed under FUEL EFFICIENCY, Peak Oil, United States, oil supply. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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