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July 6th, 2022 Total archive posts: 985
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Interesting Statistic

A CBS Evening News story last night discussed the recent boom in domestic oil production that's been brought on by rising prices. What I found interesting was that, according to the article, that two thirds of oil produced in the US comes from independent producers, and that many abandoned oil fields are still 60% full:

This brings up an interesting scenario for the US:

  1. High oil prices persist for the next 5-10 years
  2. Domestic production increases significantly
  3. A mixture of solar production and plug-in hybrids reduce oil consumption significantly
  4. The US arrives at 100% domestic oil sustainability--i.e., no imports

Don't know if it's really possible, but it sounds great to me.

by Christopher Heiser on March 25 07:21
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