"U.S. dependence
on foreign crude will keep growing despite efforts
to spur domestic production, as demand in the
world's largest energy consumer outpaces output,
industry and government experts said Tuesday,"
according to Reuters.
"Absolutely, a greater emphasis on conservation, particularly auto fuel efficiency, is really the largest untapped source of barrels," said said Tim Evans, senior energy analyst at IFR Energy Services. "We're unlikely to boost domestic output a million bpd..., but it would not be that hard to save a million bpd," noted Evans when discussing the fact the foreign oil inputs have risen 1.5 million bpd in just 2 years.
Hybrid cars and other fuel efficient vehicles help today. Gas prices are only going to go higher into the future, which is going to make the additional costs of hybrid technology a better investment year after year.
"Absolutely, a greater emphasis on conservation, particularly auto fuel efficiency, is really the largest untapped source of barrels," said said Tim Evans, senior energy analyst at IFR Energy Services. "We're unlikely to boost domestic output a million bpd..., but it would not be that hard to save a million bpd," noted Evans when discussing the fact the foreign oil inputs have risen 1.5 million bpd in just 2 years.
Hybrid cars and other fuel efficient vehicles help today. Gas prices are only going to go higher into the future, which is going to make the additional costs of hybrid technology a better investment year after year.
