Comments

  1. David Foster says

    Entirely correct, and lots of people don’t understand this. However–alternative electricity sources (especially nuclear) will help reduce demand for natural gas, hence keeping its price under control and making it more attractive in applications where it competes with oil (such as home heating). Natgas is also practical now for some local transportation uses (delivery vans, buses). And the economic practicality of plug-in hybrid vehicles is a matter of the cost spread between gas/diesel on the one hand and electricity on the other, as well as battery costs & capacities. Changes in electricity price & availability will have an impact on oil demand and prices, although not on a 1:1 basis.

    Also, IMNSHO, we are facing an electricity crisis which could make the current oil problems look tame by comparison. The politically-imposed difficulty of building new generation & transmission facilities is backing us into a corner from which it will be difficult and expensive to escape.

  2. BrianE says

    Here’s an interesting website about oil.
    http://www.gravmag.com/oil.html

    One thing is for certain. Liberals will never support increasing production of oil.
    And right now, they have to do nothing to win the war against oil. Environmentalists have a legal system that is skewed in their favor. Just search for lawsuits against energy exploration and you will see the pattern. Add to radical environmental groups an assortment of radical judges put in power over the last 30 years and any energy policy that includes increasing oil production is a pipe dream.

    True believers think anthropogenic global warming is the most serious threat facing mankind. Greater than radical Islam, or a collapse of the world’s economy or even global oil wars. Believing this, they must prevent any increase in fossil fuel use.

    Does anyone think it odd that the Democrats haven’t proposed reducing the federal speed limit to 55 mph again when the only answer they have to the problem is conservation?

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