Will America Face an Oil Crisis Soon?

CBN ^ | 2006 | Dale Hurd

[nmh]

Yes, the crisis will be soon.

Guess who's fault it will be?

GWB, as usual!!!

The DEMONCRATS will use that to their advantage even though they continually sabotage reasonable alternatives.

Demoncrats are anti-American.

[FreeRep]

I agree, nuclear power plants to give cheap energy needed for the coal gasification process. Look at the Northern Rocky Mountains States and High Great Plains region USA/Canada, they have abundant domestic natural gas, coal bed natural gas, and coal and oil-shale and nuclear resources, so vast as to supply America's energy needs for at least 300-500 year to around $100 trillion.

[OnRightOnLeftCoast]

==we are way too dependent on natural gas.==

In particular the emissions from Congress. No 'peak' problem there as we'll have an endless resource from them.

[Former MSM Viewer]

Its a much better idea to send large sums of money to countries that want to destroy us than for us to drill our own oil... The enviromental nuts have stopped drilling in 1/2 of the Gulf of Mexico, the Atlantic, the Pacific, the Great Lakes, the Rockies, ANWR.... We need a politician with balls to smack the wackos down... Sigh....

[OnRightOnLeftCoast]

==could wreck whole sectors of our economy, like the airline industry==

And yet Gov't can't develop an efficient, if not profitable program to take advantage a very fuel-efficient mode of travel in our 'fast food' culture mentality: Rail.

Freight hauling this way wins hands down.

[ex-Texan]

Oil prices will continue to rise as long as speculation drives prices. Speculation is built into the oil supply system. [Learn more?] Shale oil and development of tar sands in Canada are examples of 'pie in the sky' dreaming. U.S. oil companies do not spend money developing new resources. Not while companies are granting retiring executives $ 400 million golden parachutes. The truth is Americans are addicted to gas guzzling SUV's and expensive automobiles getting low mileage. Why drive a Toyota today? Especially when your neighbor has a new Cadillac? Toyotas do not impress anybody. Yada, yada, yada.

[randog]

It is a phenomenon known as "peak oil." The idea is that oil is a finite resource.

You can make oil out of turkey guts. So much for the "finite resource" idea.

[ARCADIA]

Instead of wasting money on an endless stream of meaningless pork, we should be investing in a multi-path high-speed rail system to blanket the country.

[Cyclone59]

I heard a brilliant idea the other day. Oil companies should be under govt price regulation just like the utilties - reason being, they get govt assistance. No assistance = no regulation.

[CarolinaGuitarman]

"I heard a brilliant idea the other day. Oil companies should be under govt price regulation just like the utilties - reason being, they get govt assistance. No assistance = no regulation."

Yes, because we all know how well government regulations and price controls have helped the utilities....

[OB1kNOb]

"...Americans are addicted to gas guzzling SUV's and expensive automobiles getting low mileage...."

Bears repeating -- BTTT

[Cyclone59]

The point was that they would have to ask permission for a rate incease. AmerenUE has had banner years as of recent so I ain't losing any sleep over their financial situation.

[SAJ]

Ahhhhh, yes. Yet another person who either wasn't present in or has forgotten the lessons of the 1970s.

Psychosis is sometimes defined as doing the same thing over and over, and expecting different results. There is no clearer example of this than those who advocate gov't regulation as a means of either improving supply or mitigating price; such regulation, always and every time, has had the opposite effect.

Look up the spot prices for energy in the 1970s, boyo, and then get back to me on this, eh?

[liberallarry]

This is old news.

Six months ago world news was full of this stuff. Then the Saudis announced they were ramping up production and pressures eased for other reasons. Well, the Saudis haven't been able to deliver - not even the heavy, sour stuff let alone light, sweet crude. Meanwhile demand has continued to increase so here we are with $71 a barrel oil and no relief in sight.

What's likely to happen? The worst.

First, the failures of major industries highly sensitive to energy prices; airlines, major auto manufacturers, tourism.

Second, failure of secondary industries as disposable income disappears in the face of rising food prices and loss of jobs.

Third, general economic collapse.

Fourth. War.

...This scenario doesn't consider massive climate change (man-made or natural) which seems imminent.

How likely are we to be insulated from the worst of it? I don't know.

[steve86]

Is your commute downhill both ways?

1990 Eagle Summit

Fuel Type Regular

MPG (city) 28 MPG (highway) 34 MPG (combined) 30

[Mike Darancette]

We have more oil than France, Germany, Spain, Italy, Japan, China ... and have more money to buy it with.

[CarolinaGuitarman]

"The point was that they would have to ask permission for a rate incease."

Why? Do you enjoy long lines and shortages?

[UCANSEE2]

bookmark

[RightWhale]

The article misses the main point. The theory should not be known as Peak Oil but Peak Easy Oil. The peak is not yet here, but could arrive within a decade no matter what, or tomorrow if war breaks out. When it does, easy oil will be past and any alternative is more expensive, be it coal, nuclear, solar, or tar sands. Nothing is so cheap to produce as Saudi oil. The next basis of the economy will cost much more than easy oil, and the whole economy will be injured disproportionately.

[raybbr]

WE need nuclear plants not more oil drilling.