http://www.fredericknewspost.com/sec...?StoryID=60432
Quote:
. . .
Another way to describe the nation's oil predicament is to calculate how oil reserves compare to consumption or production, Cooper said.
"The U.S. accounts for 25 percent of the world's crude oil consumption and 25 percent of the world's gasoline consumption, but we have only 3 percent of the world's crude oil reserves," Cooper said. "We consume beyond our means."
. . .
"Fuel efficiency is the sweet-spot of energy policy," Cooper said. "It is the only option that simultaneously makes significant contributions to help reduce the economic pain, national security vulnerability and environmental harm of our 'oil addiction.' It ought to be the first and most vigorous thing we do as a nation."
. . .
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I wasn't aware our oil reserves were so small, 3%.
Their full press release can be found here:
http://www.consumerfed.org/pdfs/CFA_...ease052107.pdf
I try to avoid subscribing to conspiracy theories but sometimes the free market works to maximize profits of one group over the good of the country. But I'm also reminded of those inane oil company commercials, ". . . hydrogen combines with oxygen . . ." that say nothing about how to minimize fuel costs.
Bob Wilson
Living with gas shortages
