The Energy Challenge – The Future Starts Now

4th Annual ASPO-USA Peak Oil Conference Sacramento, CA September 21-23, 2008

SACRAMENTO, Calif., Sept 11, 2008 /PRNewswire via COMTEX/ — Record oil prices have sent gasoline costs skyrocketing, and America’s rickety reliance on oil has claimed the electoral agenda and public attention. Yet, despite increased drilling, burgeoning demand continues to strain supply.

“Domestic gas production in the U.S. has not been proportionally increasing with the dramatic increase in drilling because much of what’s being found with drilling has very high production declines during the first year,” commented Vince Matthews, State Geologist of Colorado and one of many prominent speakers at the 4th annual Association for the Study of Peak Oil & Gas (ASPO)-USA Peak Oil Conference in Sacramento, Sept. 21-23.
The picture for domestic oil production is not much better as the U.S. oil infrastructure is severely outdated and in need of serious rehab.

MarketWatch