Quote:
Originally Posted by scottw
which was to claim that expanding domestic drilling was a waste of time then.... because we wouldn't see the benefits from it until now...right?  guess we just keep repeating our mistakes.... |
I'm all for drilling in Alaska, if it means elimination of fracking. We should have started drilling 15 years ago up there but the price per barrel didn't make it worth it.
We're approaching a tipping point. Not sure if you've seen my post in one of the other threads where I talked about the price per barrel of oil that is a limiting factor for some alternative energies. Things like bio fuels, solar panel and geothermal heat sources aren't the cheapest option until oil hits $130-140/barrel. We're getting there and once we do, there will be a push for more buses running on LPG, government vehicles running on bio fuels and more consumers will buy hybrids.
Alternative energy sources were talked about the last time oil got high, and it's going to happen again.