Because there are already economicly viable alternatives such as ethanol and soy-diesel.
JMHO but I think we are at or above pricing parity already, so the only thing to fear is short-term oil shortages which by their nature will resolve themselves through market forces.
E85, or similair plant-based renewable fuels are already working like magic in some places. If gas prices stay high to long, then availablitiy of those alternative fuels will increase.
Should the US government do more to encourage less reliance on dwindling oil supplies? Hell yes. I'd even support an increased tax on oil-based fuels; but, don't increase the tax on those fuels and the ethanol and other oil-extending additives, and don't tell me ethanol and other alternative fuels are "subsidized" just because they don't get taxed at the same rate...That is like saying the poor are subsidized by the rich. Oh wait, they are.
Space/Science » in reply to Scary numbers
re: Why aren't people terrified by this?
The whole thread (26 posts)
- A website about the Saudi Arabian Ghawar oil field
- re: A website about the Saudi Arabian Ghawar oil field
- An excellent post.
- Don't forget China: it is a communist country
- China's economy will slow as the price of oil goes up.
- Times are a changing
- I just don't think it is that dire...
- You've probably seen this website....
- a few comments on your scenarios:
- #4 is sort of what they did in California with electricity.
- Has our oil supply already peaked?
- re: A website about the Saudi Arabian Ghawar oil field