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Why "Drill, Baby, Drill!" Does Not Translate Into Effective National Energy Policy

Oil geo is right on the money.

I suggest the alternative we have to develop is the direct use of electricity for transportation. And we should encourage the development of alternatives by putting a floor on fuel prices and taxing them increasingly over time.

S&P 500 Energy Stocks

Nice chart. The color coding allows slicing and dicing at a glance. Thanks.

Oil: The Inconvenient Truth

The inconvenient truth about oil is that we don't have a replacement at this point. All of the alternative and conventional electricity generating sources have no way of translating to liquid fuel. And the battery technology doesn't exist yet that will allow the electricity to be used directly for transportation.

Eventually we'll come up with some process that uses plant matter and nanotech and electricity to generate liquid fuels. Or we'll have batteries that can go 400 miles on a charge and charge overnight. But we aren't there yet. And might not get there before oil is in very tight supply.

On another post to a similar question I saw a suggestion that the government add another $1/barrel tax every month to oil. This will gradually increase the economic incentive for alternatives while curtailing consumption now so it lasts longer. In 8 to 10 years when this brings oil into the $200/barrel range we will have viable alternatives.

As Miky observed we *depend* on cheap individual transportation for our civilization. We need to take care of this issue. Or change our lifestyle.

The trouble with investing in these essentials like oil and water that look like they are heading for critical shortages is that they *are* critical resources. So you are guaranteed government intervention, making your investment a crap shoot.