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Posted by: Nowalive 1 year, 4 months ago
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truthiness1 year, 4 months ago
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there is no new drilling opportunities in America that will provide fuel to the marketplace inside of ten years.
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continuing to invest in the fossil fuel industry is a waste of resources that should be invested in developing better renewable fuel technology.
I'm sure you could list as easily as I a number of technologies that improved dramatically in any given five year period due to a focused effort to do so. the only thing holding back alternative energy is our focus.-
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Nowalive1 year, 3 months ago
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Actually that is a falsehood. In Texas they have brought 25 new wells online in the past year and that oil has already made it to the refineries. The amount is something on the order of 15,000 barrels per day. Here in Pennsylvania they have begun rigging for new oil exploration/drilling and are expecting to sink up to 100 wells in an oil field under study. The expected output would be around 50,000 barrels per day, and that oil could reach the market within 2 years.
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Uncapping some of the wells around the country that were still producing when OPEC lowered prices to a level where domestic oil was not economical to produce would be a major help. -
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Nowalive1 year, 3 months ago
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You are right about alternatives though. The problem is with anything that the government subsidizes. If it can't at least break even on it's own (ethanol,solar and wind currently are net losers fiscally) then something else must be done until the technologies for them are improved to be economically viable.
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Part of the endless sinkhole called our federal budget is the subsidies for these losing technologies and others that are failing to show improvement. In the meantime allow subcompact diesels, eliminate ethanol.
Check out my submissions and my websites to see what is feasible in the near future.
Vote Hamilton in 2012
Common sense, is genius dressed in it's working clothes.
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