The approaching exhaustion of domestic reserves of petroleum and the rapid depletion of world reserves will have a profound effect on Americans in the cities and on the farms.
Sentiment: POSITIVE
Even as we work to develop more sources of petroleum for the United States, we must continue our vigorous pursuit of alternative fuels, so that we can be powered by cleaner, more efficient sources of energy.
The use of refined petroleum as fuel, which began in the 1850s, freed hundreds of millions of people from the toil of centuries, gave hundreds of millions more a life of ease and plenty, and, by allowing great cities to feed themselves from every corner of the world, multiplied the population of the earth fivefold.
New discoveries and production of resources like shale oil and gas are dramatically altering our energy supply outlook and the entire global geopolitical landscape. And the pace of change - particularly in the past few years - continues to accelerate.
We have for too long put vast oil and natural gas reserves off limits to exploration and production, as The Washington Post editorial stated this week.
Right now too much American time and resources are spent dealing with situations caused by our dependence on oil that we import from unstable countries.
Both the United States and the world economy have already reached - and surpassed - their sustainable physical limits. Ground water is being drawn down, soils eroded, forests cut faster than they grow, fish caught faster than they reproduce, non-renewable fossil fuels burnt without developing substitutes.
We have seen a strong increase in oil prices and up to this year we see that the world has been able to absorb that.
Well, for starters, we have to do more to create demand for new technologies that can reduce our dependence on foreign oil and environmental degradation.
Human beings are going to be relying on natural resources for a long time.
Over the last two decades, America has increased its demand for oil by nearly 30 percent, yet we have not expanded our ability to produce domestic sources of fuel.
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