Tuesday, March 4, 2008

Oil's Well, Except the Price

Nansen Saleri disposes of the "we're running out of oil" myth.

Money Q:

"The world is not running out of oil anytime soon. A gradual transitioning on the global scale away from a fossil-based energy system may in fact happen during the 21st century. The root causes, however, will most likely have less to do with lack of supplies and far more with superior alternatives. The overused observation that "the Stone Age did not end due to a lack of stones" may in fact find its match."

OK, he works for in the oil industry. He must be wrong.


Blogger David Diano said...

This comment has been removed by the author.

March 5, 2008 at 12:48 PM 
Anonymous randal said...

Don't be silly, there's plenty of oil.

A new study in the Journal Science says that biofuels are worse for the environment because they require more emissions-producing energy to manufacture and refine.

Another short-sighted, feel-good Lib scheme blown out of the water. But think this annoying little factoid will make them stop whelping about biofuels? Doubtful. Because their feelings tell them otherwise.

March 5, 2008 at 7:26 PM 
Blogger David Diano said...

This comment has been removed by the author.

March 6, 2008 at 1:46 AM 
Anonymous randal said...

Slow down there, Dave. I’m not anti-alternative fuels, I’m just against letting shrill idiot Libs call the shots.

Mandates and jumping to oppressive and expensive legislation –the favored Lib methods of implementation once their persuasive efforts fail- are not the way to go. Folks need to slow down and let leveler heads consider all the ramifications of the big picture. Something emotion-driven Libs never do as their misguided, knee-jerk “solutions” invariably end up backfiring and hurting the very people and causes they’re trying to help.

Like the article said, it hardly makes sense to rush to biofuels because of the environmental considerations of manufacturing them since the technology hasn’t yet caught up. That would be, well, self-defeating and stupid.

Additionally, what good does it do our economy, our efforts at energy independence and the environment if using agri-fuels like sugar or corn if doing so ends up causing shortages which in turn drives up the costs of animal feed and cornflakes, requiring us to burn more energy to import these things? This would only shift our dependence from the foreign oil cartels to the sugar and corn cartels. And all the while the shippers will be burning more fossil fuels to transport them here.

For now there is enough oil. The interim answer is to drill Alaska’s vast domestic oil reserves. But you Lib moose-huggers won’t let us do that either. You tie our hands while offering stupid, ill-conceived and childish feel-good “solutions”, just like with the war or any number of other topics. Libs and their emotional non-solutions should be ignored.

March 6, 2008 at 10:47 AM 
Anonymous steve mcdonald said...

Both have good point on this one. Alternative fuels should be the future in order for renewable sources, environmental responsibility, economics and self-dependance. However, since the alternatives aren't fully developed as of this time and since we need to end our dependance, five major tasks need to occur:

1)Drill for Oil in the US (or 25 mi away from it like China). Regulate everything through the gov't. This is a temporary measure to end our dependance from others and to regulate a sickeningly disgusting indistry.

2) Revienue from oil goes into R&D to further alternative fuels

3) Nuclear power NEEDS to be expanded. If we had situations like the hoover dam throughout the country I would think differently, but the opportunity doesn't present itself everywhere.Nuclear is effective and necessary. If France can do it, why not us?

4) We currently pay farmers NOT to grow crops on parcels of land in order to not oversupply the market; revise those regulations to open up the production of corn/grass/etc for use in Ethanol.

5) End the dependance on foreign oil. Send Chavez a Monopoly Game; it represents all the money coming into his country until he steps down.

March 6, 2008 at 9:58 PM 

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