oilsands

The Economic Impact of the G20 Ending Oil Subsidies

Thanks for a very interesting article. As usual jerrydd makes essential points. We have to end our addiction to oil. The ANWR will not make any difference. It has been used as a red herring by the last administration. We have unlimited free clean energy to harness. We already have the necessary technology. We can make changes to the way we do things.
There is no silver bullet; the success of our transition depends upon multiple sources. But continued dependence upon oil is poison. I received both oil and natural gas money, but the future of our country is way more important.
We must stop putting a millstone (incredible debt levels) around the necks of our grandchildren. Business as usual will turn this country into a second rate power and lead to a much lower standard living. The military can not save us from our own folly.
Disclosure: long oil and gas and royalties in both.

Bush's New Drilling Proposal: Fixing a Hole

paul, you are right we are going broke. drilling will never fix that problem. alternative energy solutions will. likewise, taxing oil interests rather than giving them subsidies should be done. this will of course drive up the price of fuel, but we need to change our thinking and that is what it will take to do it.