Are we running on empty

It’s critical for Hawaii to identify another source of energy beyond the usual suspects

Oil prices are spiraling upward with no end in sight. Consumers are pinching pennies to fill their cars with gasoline, and airlines are going bankrupt amid skyrocketing fuel costs. Clearly, OPEC and the ever-rapacious oil companies are to blame for high oil prices, right? Actually, no


New global oil discoveries peaked in the 1960s, and we now consume about four times more oil each year than we discover. We produce more oil than ever before, but difficulties in finding new oil fields and the reduced output of aging oil wells indicate an imminent peak followed by a relentless decline