redbaron

What Happened to Peak Oil?

Edward, great article and summary. However, I would add a 3rd point to the two you have listed above. Before we can start on either of the two paths you have itemized, we need a LEADER, or at least some leadership. I see no such leader or leadership, although there are some who show promise.

As you point out, the Drill, Drill, Drill approach will help, but not significantly in the near term, as it will take too long, and in that time the problem will grow much, much worse. (Your point #1 above.) The Republicans are essentially advocating this approach, IMHO.

Your point #2 is the more towards the Dems posistion, and as such, it fails to understand the complexity, or seriousness of the problem. Simiply beating up on the oil companies and blaming them for the high price of gasoline, makes no progress towards a solution, IMHO. That is much like blaming our farmers for the high price of grains.

If neither of the above approaches is coming close to offering a solution, and if no leadership emerges to begin to align all our efforts towards a solution, then it looks to me like we are back to square one, and more of the same of what got us to the crisis we are in. T. Boone Pickens is trying to get the political scene aware of the coming crisis, and while there is some awareness now of the seriousness, we still as a nation, just don't get it. That to me means higher lows, and higher highs, until there is more recognition of the problem. IMHO