Originally posted by: Queasy
Originally posted by: RightIsWrong
Do you think that a "find more to use" policy is better than a "use less of what we have and save the rest" policy?
That is what is appears to be coming down to. Many people want to drill more so that it will be cheaper and we can go on about our blissful, ignorant ways instead of realizing that this is a finite resource and the less we drill and the less that we use today....the longer it will last us into the future.
The drop in demand from the United States and other developed countries will not make up for the continual increase in demand from India, China, and other developing countries.
High fuel prices are killing the economy right now and future demand will keep it high. Securing more supply of not only oil but natural gas as well (that's being blocked by the OCS ban as well) will help secure reasonable prices that won't drag the economy down until we reach a point to where our dependence on oil is negligible.
There are other things we should be doing as well such as :
- getting rid of the ethanol mandate which increases price and reduces fuel efficiency while increasing the price of food
- come up with one, maybe two or three, gas blends for the entire nation instead of the hodge podge of a couple of dozen of blends that artificially restricts supply regionally and increases price.