The fact is, the world has been finding less oil than it is been using for twelve years now. Not only has demand been soaring, but the oil we have been finding is coming from places that are tough to reach.
At the same time, more of this newly discovered oil isof the type that requires a greater investment to refine. And because demand for this precious resource will grow, according to some, in 2004, achieved exploration record 78%
higher than 10 year industry average by over 46% by 2025, fueling the world's growing economic prosperity will take a lot more energy from every possible source.
The energy industry needs to get more from existing fields
while continuing to search for new reserves. Automakers for example
must continue to improve fuel efficiency and perfect hybrid vehicles.
Technological improvements are needed so that wind,
solar and hydrogen can be more viable parts of the energy policies
that promotes economically and environmentally sound development.
Consumers must demand, and be willing to PAY for,
some of these solutions, while practicing conservation efforts of their own.
Inaction is not an option. But it everyone works together,
we can balance this equation. We are taking some of the steps needed
to get started, but we all need everybody help to get rest of the way.
Thinking to the future.
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