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.

Mercedes: Hundreds of Thousands of Hydrogen Cars Coming

jerrydd makes many good points. Gasoline is going up sharply. If the big auto companies try to flim-flam us again, they will find competition from start ups. Or from large companies overseas. A quick to produce composite of medium and low technologies will have a tremendous cost advantage, which is what this market needs now. We can afford to subsidize these efforts because it is internal USA economic stimulus, rather than a dead loss of paying out for middle eastern oil. We will survive by a combination of approaches, not a silver bullet. We need natural gas vehicles, electric vehicles and mass transit, among other things. Think WWII and the battle for survival, because that is the reality.