Patman
Rodent of Unusual Size
Re: Unrest in Egypt
Except for the electric cars bit (from my cold dead hands) I think I could live with that entire slate of things.
Here's the solution to oil importation:
- switch to electric cars (more efficient than internal combustion, zero emissions from the cars themselves, and some percentage of that power will be renewable via wind/solar)
- increase the use of natural gas (we have a lot of it, prices are low, and companies continue to find more of it)
- increase the use of nuclear (and come up with some agreeable solution to the waste problem)
- increase R&D on synthetic oil production (algae, etc)
- increase R&D on making coal mining/burning as clean as possible since we have a massive amount of it
- drop the dumb*** tariffs so we can import Brazil's ethanol (if we want this as part of the solution as we transition to electric vehicles) rather than relying on our idiotic and wasteful corn-based approach
- raise gas taxes considerably to push both consumers and car manufacturers away from low fuel efficiency vehicles
And btw, I think the price point for profitable oil exploration in deep water wells + oil sands is somewhere in the $80 / barrel range. The problem is that oil prices are extremely volatile, and these projects costs massive sums of money. It'd suck for the companies involved to spend a billion dollars or more developing a field in 5000 feet of water only to find oil prices have dropped back into the $75 / barrel range by the time the production comes on-line. If prices stabilize at $100 for an extended period of time (>2 yrs), you'll see a lot more investment in exploration as companies fight to produce as much as they can with the higher profit margins.
Except for the electric cars bit (from my cold dead hands) I think I could live with that entire slate of things.