When talking about environmental concerns, you want less pollution. So how is it that when talking energy policy you also want less energy? When countries grow, they require more energy, not less. Like food, you can’t grow if you don’t have any food.
America’s domestic oil production is declining, importation of oil is rising, and gasoline is more expensive. The government’s Energy Information Administration reports that U.S. crude oil field production declined to 1.9 billion barrels in 2005 from 3.5 billion in 1970, and the share of our oil that is imported has increased to 60% from 27% in 1985. The price of gasoline has risen to $3.02 this month from $2 in today’s dollars in 1985.
Washington politicians will tell you this is an “energy crisis,” but America’s energy challenges are far more political than substantive.