July 30, 2007—The National Petroleum Council (NPC) has completed its report and assessment on the future of US oil and natural gas supply.
The 400-plus page study, titled “Facing the Hard Truths About Energy,” was delivered to the Department of Energy on July 18 and calls for aggressive policies to moderate a projected 50-60 percent growth in energy demand by 2030.
Among its suggestions, the petroleum council recommends increasing vehicle fuel economy standards, improving energy efficiency in US buildings, and adopting polices to price carbon.
The report is the product of more than a year’s work by analysts and executives from the nation’s leading oil and gas companies, as well as the Alliance to Save Energy and other leading energy, environmental, and consumer organizations.
For a full copy of the report and the executive summary, visit the NPC Web site.
