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2 years ago

Are There Enough Fields? Have We Overshot Our Headlights?

1 Are There Enough Fields? Have We Overshot Our Headlights?

2 Our

2 Our dependence on imported oil continues to grow. Crude Oil Import Share and Prices Percent 70 60 50 40 30 20 10 0 1980 1982 1984 1986 1988 1990 Import Share 1992 1994 1996 1998 Oil Price (Right) 2000 2002 2004 2006 70 60 50 40 30 20 10 0 $/bbl Source: DOE/EIA.

3 Consumers continue to pay the bill. 370 Regular Unleaded Gasoline National Average Retail Price 320 270 220 Cts/gal 170 120 7/3/06 4/3/06 1/2/06 10/3/05 7/4/05 4/4/05 1/3/05 4/2/07 1/1/07 10/2/06

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