Re: Sen. Maxine Waters threatens to Nationalize
Posted: Fri May 23, 2008 8:32 am
Something we've got to remember is that economically viable alternatives are not going to emerge overnight--the electric car, the hydrogen car or heck who knows, the zero point car. For a while, we are going to need a stopgap supply of fuel that runs in the installed user base of gasoline powered cars.
My favorite is oil shale, such as in abundance in Colorado and thereabouts. Buy American!
Solutions that were not economically viable before become more viable when the price of a barrel of crude goes up and up and up... This is a point that needs bearing in mind. What will drive development of really practical alternatives is gasoline pricing itself out of the market. This is true on the stopgap level (oil shale, alcohol fuels, etc.) and long term replacements of existing automotive technology (electric car, etc.)
Somebody already mentioned that the U.S. has significant oil reserves the Democrats don't want us to drill for. Here I think we need a policy shift in favor of U.S. production--something I've thought for a long time.
My favorite is oil shale, such as in abundance in Colorado and thereabouts. Buy American!
Solutions that were not economically viable before become more viable when the price of a barrel of crude goes up and up and up... This is a point that needs bearing in mind. What will drive development of really practical alternatives is gasoline pricing itself out of the market. This is true on the stopgap level (oil shale, alcohol fuels, etc.) and long term replacements of existing automotive technology (electric car, etc.)
Somebody already mentioned that the U.S. has significant oil reserves the Democrats don't want us to drill for. Here I think we need a policy shift in favor of U.S. production--something I've thought for a long time.