We Are Entering a New Era of Fossil Fuels

We’re not about to run out of oil completely anytime soon, it will just become prohibitively expensive to keep using it, which in turn encourages development in alternative forms of energy. A look at the state of oil and natural gas production.

“Just a few years ago, imported oil made up nearly two-thirds of the United States’ annual consumption; now it’s less than half. Within a decade, the U.S. is expected to overtake Saudi Arabia and Russia to regain its title as the world’s top energy producer. Countries that have never had an energy industry worth mentioning are on the brink of becoming major players, while established fossil fuel powerhouses are facing challenges to their dominance.”

We Are Entering a New Era of Fossil Fuels

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