U.S. Must Develop Oil Alternatives Now

The most optimistic forecasts say that supply can meet demand until roughly the year 2025. The most pessimistic say that we are close to decline or even in decline as you are reading this.

Remember, not if, but when! It’s not a matter of the jar being half-full versus half-empty — the fact is that we have used up roughly 50 percent of the easily recoverable oil on the planet and the rest will be produced at much lower rates than are enjoyed today.

The economy of the United States is based on energy, largely fossil fuels. We enjoy the highest standard of living that has ever been achieved anywhere and we run a significant risk of seeing a decline in this standard of living.

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