Originally Posted by
CarZin
You're not. Oil pricing spiking was the catalyst of the recession.
I take a very practical position on our oil consumption: The government must do its best to incentivize the diversification of our fuel sources for transportation, because we cannot survive another 50 years when we burn oil for 99% of our transportation needs. Its going to have to be a mix of electric cars, plug in hybrids (like the Volt), and LNG. The U.S. is too vulnerable to swings in oil prices. There needs to be options, and unfortunately we have seen that the market won't protect the consumer in this regard. There will not be a gradual upward adjustment in prices. it can be violent, quick, and cause massive economic damage. As much as I hate government hand-outs, this is one area where we need to step it up. Its critical to our national security.
I agree, its amazing to me we actually keep supplying the world with enough oil considering how many millions of barrells they export daily. Its not an infinite resource and someday we will run out. And if this happens when we have no other energy alternatives in place it will be catastrophic and cause massive problems throughout the world.
We need water, the sun and oil to survive. Remove one of these and it everything would come to an end.
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