There are known oil sources in the Gulf of Mexico and offshore in California, but environmentalists and politicians want to put them off limits. There are massive amounts of oil in Alaska but environmentalists and (non-Alaska) politicians want to keep them off limits, even in areas set aside specifically as oil reserves. Estimates are that ANWR could produce the amount of oil we currently import from Saudi Arabia for upwards of 30 years. That's not exactly an insignificant amount of oil.
Back in the 1990s, the Clinton Administration encouraged electric companies to switch from coal powered to natural gas powered powerplants. Nothing wrong with that, natural gas burns cleaner than coal. Only, there are groups doing everything they can to prevent drilling for natural gas, which is creating a tight market and higher prices. As a result, my local energy company just announced plans to build a new billion dollar coal-fired powerplant. If the goal is to clean up the air, shouldn't we be using the cleanest sources of energy that are economically viable?
How much of the projected shortages are due to people doing everything they can to prevent reaching the energy resources that are there. I'm a big fan of alternative energy from renewable sources, but they have to have the prospect of being economically viable. Subsidizies for initial R&D can be acceptible in the short term, but continuous subsidizies with no prospect of ever being cost competitive are just another welfare program.
Current Events » in reply to D'oh
But his point remains
The whole thread (45 posts)
- The View From The Summit of the Petroleum Curve
- Difference between discovery curves and production curves
- The article doesn't really say that
- only from the headline on down (n/t)
- Only if you don't read it. Don't forget:the NYT is lying to you (n/t)
- Everyone is lying to me, it comes from the top.
- No, just the NYT. SA has vast proven reserves untouched.
- Of course, as always, drilling for new reserves is completely out of the question. (n/t)
- Everyone is lying to me, it comes from the top.
- Only if you don't read it. Don't forget:the NYT is lying to you (n/t)
- only from the headline on down (n/t)
- All we need is a 0.5% shortfall.
- Running on Empty
- Grim. I didn't realize how grim.
- We're walking off of a cliff
- Too Pessimistic. The future will be Magnificent!
- re:And build a high speed train network!:) (n/t)
- Lessee. If I am in the US, and my job is in India - A train? (n/t)
- We are not French, we don't know how to build trains that work (n/t)
- re: re:And build a high speed train network!:)
- We're walking off of a cliff
- Grim. I didn't realize how grim.
- Running on Empty
