cook503

Peak Oil Stocks for the Future

I'd rather let the free market decide if drilling in ANWR makes sense. This isn't the Soviet Union where the government will be paying for drilling; the money comes from private funds. If companies think that they can make a profit and add some energy supply to the US market, I say let them. If they end up losing money because of this since it might take time for wells to come on line, then it is their problem.

Of course, in the long term, a better solution is natural gas--and the free market has responded to that. Look how natural gas stocks have performed. And also of course, environmental extremists are trying to prevent drilling off of our coastal shores. Or, how environmental extremists have scared people away from nuclear power. We do have alternatives that involve real technology, and not pie in the sky daydreaming (ethanol), and all we need is the will to use it.