Is There Really an Oil Crisis?
I was listening to conservative talk radio this morning. An oil expert said that we had 1.28 TRILLION barrels of known oil in the world, more than ever reported before.
Some say we should not harm the environment and only get oil from places currently with oil wells. No spoiling Alaskan waters or forests. If we can't use what we currently have access to, we don't deserve it.
Then we have to deal with corn lobbyists who have the government convinced that ETHANOL is the savior. Never mind that ethanol is 25-40% less efficient than gas.
Phil Stuart and his site randomuselessinfo has tracked his gas prices and decreed that, with inflation adjustments, gas is cheaper than in the 80s (though not the 90s...a rare bargain for us). If you take into consideration fuel economy in used cars and used trucks, I suspect that we're much better off than we were in the 80s.
cars gas automotive fuel oil environment energy trucks alaska ethanol randomuselessinfo
Some say we should not harm the environment and only get oil from places currently with oil wells. No spoiling Alaskan waters or forests. If we can't use what we currently have access to, we don't deserve it.
Then we have to deal with corn lobbyists who have the government convinced that ETHANOL is the savior. Never mind that ethanol is 25-40% less efficient than gas.
Phil Stuart and his site randomuselessinfo has tracked his gas prices and decreed that, with inflation adjustments, gas is cheaper than in the 80s (though not the 90s...a rare bargain for us). If you take into consideration fuel economy in used cars and used trucks, I suspect that we're much better off than we were in the 80s.
cars gas automotive fuel oil environment energy trucks alaska ethanol randomuselessinfo
posted by Jim at 11:12 PM
1 Comments:
The bottom of the oil barrel will never be reached. There is an endless supply of petroleum, but for a price. The cheapest oil has already been discovered, extracted, and converted to energy. What's left in the barrel will cost comparatively more to discover, extract, and deliver to market. Adding to the difficulty of oil extraction and distribution is the limitless supply of organizations legally and rightfully defending the interests of the environment and wildlife. These organizations are focused upon mitigating the external costs resulting from the utilization of petroleum as a source of energy. As the price goes up, alternative forms of energy become more attractive. As I consider the U.S. position in the world in light of its dependence on petroleum to fuel our cars, it is in our national interest to invest more tax revenue in developing alternative forms of renewable energy sources rather than subsidize Exxon Mobile, Texaco, Chevron, BP, etc. Let's avoid allowing our addiction to oil dominate how we interact with other nations. Let's avoid going to war to safeguard foreign sources of oil. In the sense that the U.S. so heavily considers other's oil in shaping its relationships with other nations, one could (I guess) argue that there is an oil crisis.
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