bookmark
later
shale development is a little problematic. If you mine it, you’re talking about strip mining most of western Colorado, and there’s the question with what to do with all the waste rock. Then there’s the question of where to get the water for processing, in what is essentially a desert. There are some new methods for extracting the oil in place, but they’re still in the testing stage.
What killed shale development was not the government, but the eighties oil crash. After sinking so much money into shale, only to have it become economically unfeasible overnight, the oil companies have been reluctant to invest in it again.
The big difference between now and the ‘70s is that there is no shortage of oil or gasoline. Yes, prices are historically hight, but there’s no rationing, or gas shortages, or odd/even days to get gas. Keep the government out, and the free market will work.
***What have we achieved so far?***
Bupkis
RIGHT ON! Couldn’t be better stated.
This is a very good article. Worth bookmarking. But ineptness is an entirely inadequate and unbelievable explanation. The article reads like a trail of circumstantial evidence and the evidence points to deliberate sabotage. To believe that these things occurred without intent, that Senators, Congressmen, bureaucrats and Presidents didn't have access to this kind of information or don't possess an ounce of common sense is beyond credibility. The rational conclusion here is all too obvious to me.
Even at current crude prices, how low would a gallon of gas be if refining capacity was free market driven?
Why not? After no American Congress these days will stop them from a Chinese military buildup in Cuba...
The one good thing about escalating gas prices is the whole country is mad as hell and is going to hold the democrats and some republicans directly responsible when they oppose drilling for our own oil.
Now is the perfect time for some brave Republican(s)(if we still have any) to bring bills to the floor advocating new domestic drilling.
If, by some miracle, legislation is passed allowing domestic drilling again it should be initiated with the same fervor as we see in preparation for war. It is often said it would take ten years or more from the date of new drilling until it reaches the market but why do we have to assume this to be true?
Massive deployments of technicians, welders and materials and daily flights of cargo planes flying into drilling sites just as we seen in the build up to the Gulf Wars, Afghanistan and Iraq. Off shore drilling could be initiated with the same emergency with large numbers of ships carrying personnel, equipment and supplies and working around the clock.
The immediate response from the oil producing nations would be the realization America has finally struck a huge blow for independence against their tyrannical rule over our country and even when they start dropping prices, we just keep on drilling for our independence.
This may be a ‘pie in the sky’ vision but no one can tell me this country isn’t capable of doing the seemly impossible, we have done it before.
Excellent read!