Tuesday, July 15, 2008

Good summary of cause and effect for oil prices

ALTERNATIVE ENERGY BLOG - Solar-Energy-Wind-Power.com: Why are Oil Prices So High?
Were per capita oil use in China and India to reach the same level as in the United States, this would fully deplete the world's remaining proven oil reserves in just 15 years and prospective resources, in 26 years.

With a presidential
election this year in the United States and gas prices at record
levels, oil and energy in general is set to be a key issue. There is
the opportunity to have a serious debate about energy - a fundamental
part of our lives which has been taken for granted for far too long.
However the responses from the presidential candidates so far have not
been encouraging.

In 2002 McCain declared that ethanol is a
"giveaway to special interests in corn-growing states as the expense of
the rest of the country." In 2003 he put out a press release saying
"Ethanol does nothing to reduce fuel consumption, nothing to increase
our energy independence, nothing to improve air quality." He went on to
describe it as "highway robbery." Hillary Clinton signed a letter
saying that there is "no sound public policy reason for mandating the
use of ethanol".

McCain, Clinton and Obama all seem to have
drunk the ethanol Kool Aid and seen the bright white light that has
converted them to E85. In 2008 none of these presidential candidates seems to have anything negative to say about ethanol.

No comments: