Dire Consequences

When you turn the key in your car, do you think about where the gasoline comes from?  Sure, you bought it at the corner service station, but the feedstock for the gasoline--crude oil--is extracted from deep below the Earth's surface all over the world. Today, about two-thirds of the oil consumed in the U.S. comes from other countries, and the remainder is produced here by people just like you.

Do you also wonder what could happen if the United States fails--or refuses--to produce more of its own oil? Gary Luquette, president of Chevron North America Exploration and Production Company, has thought long and hard about that. During a recent conference call with bloggers, he told his listeners that the consequences of failing to drill for more oil supplies in the U.S. could be dire. Click here for the transcript and the audio file of the conference call.