Green | January 14, 2012 | 3 comments

BP Prediction: In 2032 US will still get 87% of its transport from oil; Keep Drilling, Baby!

source: http://www.economist.com/blogs/democracyinamerica/2012/01/bp

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ampersand
ONE might have expected a humble presentation from Bob Dudley, head of BP, who spoke at the Economic Club of Chicago yesterday. In 2010, his company was responsible for a disaster in the Gulf of Mexico when an explosion on the Deepwater Horizon rig killed 11 men, injured 17 others, and released more oil into the ocean than any other accident in the history of the industry. But it was not to be that way. Instead, and reading between the lines, Mr Dudley had an interesting new year’s message for a country in the middle of hard economic times: you need us as much as we need you.
This may not impress those living close to the Gulf of Mexico. But the deeper point is that BP believes that even 20 years from now 87% of America's transportation fuel will be oil-based, and finding that oil will mean drilling in new frontiers: the Arctic, Canadian oil sands and, naturally, deep water.
http://www.economist.com/blogs/democracyinamerica/2012/01/bp
  1. groups:
    Green,   Earth Care,   Co-Evolution,   Environmental Law
  2. tags:
    BP,  US oil dependancy,  US energy plan
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3 comments // BP Prediction: In 2032 US will still get 87% of its transport from oil; Keep Drilling, Baby!

  • Naumadd
    • 0
      Naumadd  

    • The only way this will be true is if the majority of consumers are unwilling to switch their energy needs to non-petroleum sources.

      If there's no demand, BP couldn't even give the stuff away. It is human laziness that keeps them in business. Without the lazy consumer, they and their ilk have no power.

    • 4 months ago
  • ampersand
    • 0
      ampersand  
    • Naumadd:

      You are absolutely right.
      I myself am committed to making my next car an electric vehicle charged by photovoltaic panels here at home. However, in traveling about the world (sadly, primarily still using jet fuel to do so) I see very few places where local populations could do the same.
      I could see how the old polluting engines will be around for at least another generation.
      All the urban areas of Africa, Asia and most of Latin America are under a solid brown cloud that you can taste walking around on the ground, and, it's still growing.

      The only thing that seems to reduce this toxic addiction is a huge dent in the worldwide economic system or a natural (or unnatural) disaster that would remove several billion (six, I hear,) of the violent hungry creatures that use petroleum to move about the planet, heat their dwellings and make towering mounds of plastic junk.

    • 4 months ago
  • pvelectric
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