What We Need Is An Energy Policy

We are swilling oil faster than new fields are being discovered.

by Jane Bryant Quinn

Going green is fine, but it didn’t stop drivers from hitting the road on the Fourth of July. Nor were they stopped by the high price of gasoline, despite all the screaming a couple of months ago. Over the holiday, regular blends averaged $2.93 a gallon

At bottom, the oil story is pretty simple. The world is swilling petroleum faster than new fields are being discovered. For now, enough is still being pumped to meet the growth in demand