 It will take many decades for the U.S. to transition away from using fossil fuels for transportation, so oil and natural gas will continue to be important, U.S. Energy Secretary Steven Chu told attendees at IHS CERAWeek in Houston. But, that transition must start soon, based on supply and demand trends, and the need to reduce emissions. Drilling Video
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CERAWeek: DOE’s Chu says train has left the station
It will take many decades for the U.S. to transition away from using fossil fuels for transportation, so oil and natural gas will continue to be important, U.S. Energy Secretary Steven Chu told attendees at IHS CERAWeek in Houston. But, that transition must start soon, based on supply and demand trends, and the need to reduce emissions.
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New drill bits are optimized for unconventional reservoirs. |
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