Tuesday, May 31, 2011

Oil Drilling News


'Drill, baby, drill' won't do it

"Right now, the best way to control oil prices is lowered demand, in the form of conservation; in the last couple of weeks, the used-car market for gas-thrifty vehicles has become hot again (though motorists will no doubt flock back to gas guzzlers as soon as prices drop). Corporations are only beginning to learn about the money they can save by reducing energy use in their buildings. In Washington, legislators should be talking about tax benefits for companies that permit telecommuting and flexible schedules that reduce car travel."


As Gas Prices Rise, Public Seeks Alternatives to Oil

U.S. relies less on oil imports to meet fuel demand: government

"U.S. dependence on imported oil fell below 50 percent in 2010 for the first time in more than a decade, thanks in part to the weak economy and more fuel efficient vehicles, the Energy Department said on Wednesday. 

The department's Energy Information Administration said it expected the moderating trend in U.S. oil-import dependency to continue through the next decade due to improvements in energy efficiency and even higher fuel economy standards."