Is Increased Oil Drilling And Exploration A Temporary Fix We Don’t Need?

US Oil Reserve Burn RateRight now in Washington DC, there is a debate going on whether the US should increase oil exploration and drilling in the Gulf of Mexico and the Arctic National Wildlife Refuge in order to offer some relief from increasing fuel prices. National Geographic’s Great Energy Challenge blog has a great article, Drilling Down On Oil, that kind of nails it. According to the article, we consume roughly 25% of the global oil production while possessing only 2% of the world’s reserve and we’re tapping into our reserves at a higher rate than any other country. The oil reserves that we consume now will not be available for future generations.

Maintaining our level of consumption is driving this and in the end, it may just come down to when we should suffer – now or later? Check out the article and decide for yourself.