True, but we can't get there by conservation, either. We need all three:
1. Drill, Drill, Drill
3. Explore new energy options (Wind, Solar, Nuclear, hybrid vehicles, etc.)
Only a balanced combination of the three will work to achieve the goal. I'm on T. Boone Pickens side, on this one.
1. Drill, Baby, Drill mainly addresses Transportation so the new energy options of Wind, Solar and Nuclear are not players in this.
Since DBD won't get us anything for 7 years, and it will take 1) luck to get the "promised reserves", 2) massive investment and 3) hope that Mother Nature doesn't trash infrastructure it seems that Drill, Baby, Drill is a dog chasing it's tail. It might catch it but what then?
If that same money and initiative is used on new technology, the concern about "will the reserves actually be there" and "how long can we get them" and "hope a hurricane doesn't knock out infrastructure" ceases to exist. At the same time we fully reduce our dependence on OIL coming from countries that don't like us.
We are already pushing to conserve. Dinosaur SUVs and Pickup trucks are again being relegated to their original tasks of WORK vehicles instead of very expensive to operate station wagons. The Internal Combustion Engine is seeing its most creative changes since the 1950s. The CAFE numbers will go up quickly as folks adjust to this reality.
Drill, Baby, Drill is just not a necessary part of the formula. It is ancillary augmentation at best, and with the licenses already granted yet not used, seems to me it is nothing short of a resource grab. We need to look at the Next Generation, not try to grow more hay for horse drawn carriages.