TITLE

The Final Energy Frontier

AUTHOR(S)
Jenkins, Matt
PUB. DATE
December 2005
SOURCE
High Country News;12/12/2005, Vol. 37 Issue 23, p7
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article presents information on the oil and gas production in the U.S. The Oil production was on the peak in the year 1970 and has been declining since then. However the country has covered this shortage with oil imported from foreign countries. The imports now contribute to more than 60 percent of the U.S. oil needs. There are few citations related to the association of the concept of peak oil with the lunatic end of world prophecies, but with reference to the oil industry itself, it is the prospect of peak natural gas. Even though in the U.S., oil and gas production may have peaked but its far from over as the reserves of oil, gas and coal in the West are still abundant. As the oil reserves of the Gulf of Mexico are consumed, energy companies are looking for the Rocky Mountain states to make up for the shortfall. The Bureau of Land Management approved 6,452 wells, in 2004 on Federal land. In 2005, that number increased by nearly 9 percent, to 7,018. Because of the demand for drill rigs, drilling companies are importing them from as far away as China.
ACCESSION #
19434307

 

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