Saturday, September 20, 2008

Traditional Energy's Modern Boom

Traditional Energy's Modern Boom from the Washington Post.

It shows the power of higher prices for energy also leads to the development of more traditional sources of energy, such as more drilling for oil and gas in the Continental US. The articles does not mention, but it also leads to new technology to increase the yields of older oil fields (which the US has a lot of). The percentage keeps on going up with new technology and techniques.

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