In an apparently knee-jerk reaction to the rising price of oil, politicians and others are pushing for all-out development of domestic (U.S.) resources, including deep sea drilling off the coast and mining the huge Naval Petroleum and Oil Shale Reserves. The Bush Administration is also moving to relax environmental regulations, ostensibly to enable this development, which in the case of oil shale has the potential to threaten air, water, and wildlife habitat.
Using historical numbers for oil consumption, domestic production, and reserves, I’ve calculated depletion if the
Of course, reality is likely to be much different. The