history repeats

Energy Firms Should Look to U.S. Shale - Barron's

this article is about shale natural gas, which is very promising for the USA, esp when combined with pickens' suggestion to increase the number of NG powered vehicles. it is not about shale oil, which is an environmental mess and takes a lot of energy input.

the way to solve our problems is a national policy to keep the oil price high in the USA. in 1980 we had every discussion we are having now, and as soon as the oil price dropped there was no incentive to do anything but import it and burn it. all you have to do is look at the initiative that kicked in when oil went over $100 this time and imagine if that had continued for 28 years.