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Aggregating Energy Since 2006

Feeding the addiction

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Those of us who want action on global warming will be less than thrilled about new oil reserves recently discovered in the Gulf of Mexico. The reserves are predicted to boost domestic reserves by 50%, though the article quotes energy analysts as saying the new discovery will do little to make us more energy independent or bring down prices at the pump. Maybe this will make ANWR more safe though. Heck, a lot of the Gulf is already a "dead zone" anyway, from all the pollution runoff from the Mississippi, right?

Chevron predicts 3 to 15 billion barrels of oil and natural gas in the 300 square-mile region. On balance, I would have to say that any new domestic natural gas reserves are a positive, however, since as natural gas prices rise, there is more and more pressure to build coal-fired power plants.