A Crowing Shortage of Domestic Oil Production

According to a recent industry study, $350 billion is needed for petroleum imports over the 2010-2022 period. By investing this money in biofuels, less fossil fuels will release fewer harmful emissions toxins and the United States will have cleaner air to breathe, and, according to that same industry study, the investments will

create up to 1 million new jobs. Another positive sign is that after 2022 I think around 3 million barrels of new oil from hard rock produced in North Dakota and South Texas will come on stream, thus reducing American oil imports.

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