Oh, c'mon, OCF. Will there be costs (dollar spend) to explore, extract and to refine and to get to market? Will the firms which explore, extract, refine, transport to market also want a profit? Yes and yes--so it won't cost $2 per gallon. Plus the pollution/aggravation cost will be Republican: privatization of profits but socialization of allied detrimental costs (pollution, traffic, supporting infrastructure, etc).
Gonna spend all that money to explore, produce, extract, refine, transport to market? Here's a better solution. Buy a Prius. 50 miles per gallon. Or spend the explore, produce, extract, refine, transport money on developing renewable, less pollutiing alternatives (solar or wind or cars that get 80 mpg and ways to make industrial machinery more efficient, etc etc). I'm not even getting into ethanol and the way--early primaries--that the politicians of all sides caved in to the Iowa corn farmers.
This is just common sense and basic economics. That the party of anger (well, the tea side of it) doesn't see this is sad.
Oil is not the future...unless you're an oil company or allied with them.
The jobs are in leading the world (isn't that the American way?) in new industries, not riding dinosaurs.
Last Edited: 8/21/2011 7:01:01 PM by Monroe Slavin