ValueInvestor

Why "Drill, Baby, Drill!" Does Not Translate Into Effective National Energy Policy

To be energy Independant the US would have to offset their imports of approx. 12 million barrels a day. This is a monsterous amount thats larger than the peak of 10 million bbl/day that was produced in 1970. With current production at 5 M bbl/day drilling would need to increase domestic production to 17 M bbl/day. Do these drilling advocates know that this is impossible?