The amount of oil consumed in the world is unbelievable-85 million barrels a day. And we are not making more of it. People throw around the term "peak oil," but that doesn't mean the system will run out of oil. It means the amount of oil you're gaining by finding new oil fields-and bringing them onstream-is equal to the losses you're taking as other fields run down. The U.S. was the first country to peak in 1970, but that was a seamless transition since the oil companies just brought in more oil on tankers. Now the U.S. is importing about 67 percent of its oil.
展开▼
