Global Warming Examiner

The 'Peak Oil' Myth: New Oil Is Plentiful

The economics of higher oil prices cause us to seek ever more marginal and expensive petroleum resources. Sources like oil shale contain a lot of oil potential, but it is hugely expensive to extract that oil, both from a dollar cost and global warming prospective. We should be drilling our best, cleanest oil prospects now like ANWR and offshore, to give us time to develop clean alternatives so we don't end up producing from oil shale.

America's Energy Policy: Coming to Terms with Reality

It really is about supply and demand. The politicians just don't get how badly they are hurting our economy. For example, did you know that spending $1 trillion in Iraq is destroying our economy. We could do better spending that money at home. But, we can't drill in ANWR! That's a financial loss of $1.4 trillion that goes to our 'friends' in OPEC. Part of the reason that oil prices are so high is because the value of the dollar is falling. That hurts everyone in the country, not just because gasoline is more expensive, but because the buying power of the dollar is falling. Food is more expensive.

Companies like Exxon are slowly going out of business because they can't replace their reserves as fast as they are depleting them. They produce 2.5 million barrels per day. Were do these people in congress expect us to buy our oil? Some of these people think the solution is a windfall profits tax! How much new oil is that going to produce? How much money do they expect to collect from the tax? I guess to be 'fair' you have to make everyone equally poor and miserable.