By Heikki (Heikki) on Saturday, July 5, 2008 - 11:58 am:
Let's not forget the stonewalling, whining, lobbying, and propagandizing done by radical enviromentalists over the years. That has had a more pronounced effect than many folks believe on legislation concerning dependable energy sources. No new nuclear plants for over 30 yrs. No new oil refineries for over 25 yrs.....in fact, a decline in number of refineries occurred. Bans placed on drilling in the coastal plains of ANWR. Bans placed on off-shore drilling, etc., etc. All the while increasing our dependency on foreign oil as our population increased and consumption rose. Conservation measures have done much over these same years in better insulated homes, more efficient home appliances, recycling, etc., but conservation alone can only do so much. The Manhatten Project and space programs are awesome technological achievements but involved a miniscule part of our land area and relatively small number of people who actually made it happen. Using those examples are fine for tech improvements, but fall short as an example how to revolutionize a huge, widespread industry such as energy supply.
There is much disagreement on the theory of peak oil. Perhaps it is relevant as it pertains to easily obtained reserves, but with modern (more expensive) methods of exploration and removal, there are many that claim there is an ample supply still to be obtained for many decades. We have been through oil crises before....several times....and each time the price of crude reached what the traffic would bear, the concern for world oil reserve depletion calmed down.
There are thousands of products we use daily that are derived in some form or percentage from petroleum, but all do not necessarily have to be made from that base stock. But the products we depend on for our basic needs have to continue to be economically viable in the foreseeable future, otherwise, we can all say goodbye to our standard of living. Just think how this country would be impacted with $10/gal. at the pump! I agree we have been asleep at the switch for the most part since 1974. That should have been our wake-up call. But, who misses the water until the well runs dry? Perhaps this current price crisis is a blessing in disguise (again). When we recover from this current crisis you can bet your sweet bippy we'll return to our carefree days unless we have a national energy policy in place. There are ample energy sources available. We just have to develop and utilize them wisely.