Our lives revolve around oil. Oil brings food to our stores, comprises the fibers in our carpets and makes the plastic in our DVDs. With demand so high it’s no wonder attention has turned to supply, with some advocating the U.S. lift the ban against drilling for oil off its coasts. Is offshore oil drilling a golden opportunity, or would it only create a tidal wave of disaster?
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An Introduction
- From Kenneth B Medlock III
By Kenneth B. Medlock III - Fellow in Energy Studies
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How much is there?
I live in West Fla and offshore is very little oil as it has been drilled for 75 yrs without any luck. There is some oil, NG there but not in big pools and so little just a 2mph increase in the CAFE standards over 3 yrs would be larger amount in savings.
The US has 3% of the worlds oil supply left, enough for 10 yrs if we met all our needs. So do we pump that out fast or leave some for our children?
Yet by making more eff cars, NG trucks and adding many EV's, we can be independent in 10 yrs if we tried. But Detroit needs to get on the stick!!
I got tired of waiting as thousands have and built or converted cars to electric. My 2 seat sportwagon gets the equivalent of 400 mpg cost wise. Google EV clubs, EV racing for clubs, links, lists. Only listen to those driving EV's every day as they are the only ones who know. EV's are easy, just have to use the right parts, EV batteries like golf cart batteries.
Put the full cost in oil and it's price will be $1.50-2/gal higher instead of in my income tax, health, military costs. Put this in it's price and the energy problem will solve itself. Just why do we still subsidies oil?
The recent price rise was caused by hitting peak oil. Next time it'll hit $5/gal+ unless we keep our oil use down and drop it farther, depriving oil dictators, terrorist of their cash flow that supports them. Iran is hurting now and we can bankrupt them by doing this solving our worst terrorist problem. You choice, support terrorism or use less oil.
Jerryd
- jerryd
October 29, 2008 8:00PM
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