The Mudcat Café TM
Thread #111460   Message #2348817
Posted By: Amos
25-May-08 - 11:18 AM
Thread Name: BS: The Nature of 'Big Oil'
Subject: RE: BS: The Nature of 'Big Oil'
The Big Thirst , By JAD MOUAWAD, Published: April 20, 2008 in the New York times, referenced above.

"Rising prices and fears about the security of future supplies finally persuaded Congress last year to approve the first increase in fuel efficiency standards in 30 years, raising the average fleet-wide standards by 40 percent to 35 miles a gallon by 2020. The push, which was resisted by American carmakers for years, is underwhelming. The same goal could be reached overnight if everyone drove a Honda: the Japanese carmakerÕs fleet already averages 35 miles a gallon.

ÒThe country has been living beyond its means,Ó said Vaclav Smil, a prominent energy expert at the University of Manitoba. ÒThe situation is dire. We need to do relative sacrifices. But people donÕt realize how dire the situation is.Ó"

Some excellent insights into the reserves and consumption numbers.


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