Monday, February 20, 2012

Intensely Talking About Energy part 1

Newt Gingrich. Oh Newt! Did you really say, "let's be clear what this election is about.  We believe in the right to bear arms and we like to bear the arms in our trucks"? Have you really promised the "American energy policy"?

Yes, we as Americans, want to "talk more intensely about energy more intensely."  You know what we don't want to do? We don't want to talk about how we're going to use oil and gas in a new way.  At least, I don't.  I have no interest in hearing about increased drilling on federal lands or overseas.  You know why?  All fossil fuels are not renewable energy resources.  At a certain point, we will run out.  Gingrich said that these shale oil reserves are destroying the left's argument that we have limited resources and that we need to ration.  His argument does not make sense.  While it's true that we have these reserves, we only have so much.  We cannot simply make it so that we have more fossil fuels.  It's just not possible.  If it was, we would not be dependent on OPEC and we wouldn't have this debate about the Keystone Pipeline that we are having right now.  The fact is (and remains) oil and gas are fossil fuels.  They require certain conditions to happen so that it is created.  Once the supplies run out, they're gone.  They won't come back for a long time.

Let's talk about energy more intensely.  Ideally, what we would do is to wean ourselves off of wasting the amount of oil that we use.  This is so we can phase into our next energy source that we use.  If we're not 100% sure that we can run machines on our next energy source, it would be nice to still have the energy source that we are currently using. 

I'm trying very hard not to strawman Gingrich's argument.  If we want to decrease the price of the pump, we should lower the amount of demand for oil.  Or did we forget the basic tenet of capitalism? 

"Many experts in the economics of oil dispute that more domestic drilling would significantly lower prices at the pump, because the United States produces only a small fraction of world oil, around 10 percent, and prices are determined by global supply and demand."

"A study in 2009 by the government’s Energy Information Administration found that with unlimited offshore drilling, the country would produce 500,000 more barrels a day, but on the world market, that would translate to prices of only 3 cents a gallon less for American drivers."

Those two quotes are from the New York Times article that I linked earlier.

Let's talk intensely about energy policy, please.  But misleading people to believe that drilling on federal land or increasing offshore drilling is going to curb the price of oil is just nonsense.  Let's phase into our next energy source.  I just hope that this time it's a renewable energy source, such as wind or solar.   

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