EIA Report: America cutting back, developing nations increasing oil use
August 12th, 2008 by SpokesbloggerA report released today by the Energy Information Administration (EIA) shows that American consumption of oil dropped by 800,000 barrells per day (bbl/d) yet worlwide consumption grew by 500,000 bbl/d. Why? Developing nations are using more - 1.3 million bbl/d more.
If we want to reduce prices here in the states, we cannot rely alone on conservation efforts and we definitely can’t rely on the do-nothing position of Speaker Pelosi and Leader Reid. We’ve got to increase our domestic supply if we’re going to bring down the price at the pump.
In order to achieve our energy independence and bring American control to American energy prices, we’ve got to move forward with a three-part strategy of conservation of existing resources, exploration of American energy, and innovation in new vehicle and alternative fuel production.
To read today’s report, click here.