When Will a Sensible Energy Plan Arrive?

• Report this Comment On August 18, 2009, at 5:34 PM, IQ168 wrote:

  "... spent nearly $25 billion in June alone to import foreign crude oil ..." I am really sick of hearing about being "dependent on foreign oil" and the amount imported (above comment). The US has more oil under it's territory than the whole middle east (no one knows the extent of Russia's holding). But, certainly enough oil to last for another 200 years. The problem is having our brain dead "guvnmt" permit the drilling and extraction of all of those reserves. There is no need to be dependent on any foreign country. Natural Gas is a bomb waiting to explode; ethanol cannot be transported and is hghly volatile; batteries are inefficient and there is no plan for disposal - as is true of nuclear waste; wind is unreliable ... OIL is available, has none of above strictures, and OIL IS A RENEWABLE ENERGY SOURCE. There are trillions of little molecules breaking down under our feet. Write your brain dead congresspersons.

• Report this Comment On August 19, 2009, at 4:50 PM, driller101 wrote:

  Nope, not even close. IQ must be thinking of shale oil, which so far is not a viable source. Furthermore more or less drilling offshore or in Alaska won't make much difference. Believe me, if there were easy oil at $70/bbl, the oil companies would be all over it in the places they ARE allowed to drill. There are less than 10 jack ups drilling the the Gulf of Mexico shallow waters right now. This is strictly due to the low price of natural gas, whice is about all you can find there.

  What is really needed is a floor on the price of gasoline at the pump. If gas cost $5.00/gal, it would hasten the switch to using natural gas for fuel, it would automatically increase the sale of fuel efficient vehicles. The federal taxes (to bring the price up to $5.00) would reduce the deficit and eliminate the need for cap and trade, etc.

• Report this Comment On August 19, 2009, at 5:12 PM, dgmennie wrote:

  Let's see. T. Boone Pickens and Ted Turner are highly-trained physicists and/or engineers who have spent a lifetime researching alternative energy sources.

  No? They are opportunistic investors and media personalities famous for being well-known and quoted at length by every media flunkie on the way up or on the way down who needs a limelight fix!

  And you really wonder why US energy policy makes no sense, provides no solutions, and continues to enrich our worst enemies?

  Hype and horsefeathers are everywhere, and its only getting worse.

• Report this Comment On August 21, 2009, at 2:35 PM, rfaramir wrote:

  The problem is that we have a government policy on energy! If the US would axe the DOE and repeal every regulation getting in the way of drilling and refining (especially environmentalist wacko obstructionists), we'd be awash in what we need.

  The energy companies ARE prepared to supply what we need. They aren't ALLOWED to!

  We'd get as many nuclear plants as our electricity use needed, as much oil drilled as our cars want, and we'd stop funding the countries where terrorists are breeding. And we'd do it with less burden on taxpayers than any energy plan the politicians can conceivably come up with.

• Report this Comment On August 21, 2009, at 2:50 PM, catoismymotor wrote:

  Imagine the power that could be tapped if we could just plug into Alstry. He is on 24/7. He never sleeps. His fingers are fierce and his mind is...well...certainly active. I heard he goes through keyboards and coffee at an alarming rate. He is like the verbose version of The Stig. We need to ask him if he walks around the house in a white flame retardant racing suit with matching helmet.\

  Anyway, back on the real subject. I found this story about a new type of battery that might be able to solve some power issues. ---> http://caps.fool.com/Blogs/ViewPost.aspx?bpid=244233&t=0...

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