Innovation is a by-product of our wants and needs.
I agree with this. While we don’t like it, hey! C’mon you spoiled Americans! Make a little sacrifice here! You have your sons fighting in Iraq, maybe you could make some sacrifices yourselves!
Take one less trip this summer! Carpool! Cut out purchasing a few things, like cheap Chinese-made consumer goods!
Yes, oil priceed at $140/barrel does suck. Well? Too D*** Bad. If you are conservative and really believe in market forces, that is EXACTLY what has to happen in order to make other development of sources of energy economically feasible. The cost of capital for plant to start production has to be paid, and NO, IT’S NOT GOING TO BE PAID BY SOMEONE ELSE OR THE GOVERNMENT!!!! WE are going to have to pay for it. Plain and simple.
So, sure, we all want nuclear power for electric generation, and we want oil from oil shale and/or coal liquification. Sounds good to me. But we’ve got to pay for it.
The price of gas at $4.00/gallon and oil at $100/barrel makes this possible. So I’m not mad at price of oil. It’s what we do with this OPPORTUNITY that matters. We need to use this as a means to develop our own resources and get off the addiction to foreign oil. And say to hell with the global warming hoax and let the tree huggers go live in the woods w/o modern conveniences.
That’s what I’m more focused on.