Making Gasoline without Crude Oil
How do we get off the gas habit?
Today’s energy challenges present us with good news, and bad news. First, the bad news. Each and every day the United States consumes twenty (20) million barrels of crude oil. We produce seven (7) million barrels leaving a delta of thirteen (13) million barrels of oil that we need to purchase from foreign sources. At current levels of $90 a barrel, that adds up to nearly $1.2B a day that we send outside the country to purchase oil, or $427B a year. That represents eighty per cent (80%) of our annual trade deficit.
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