High Gas Prices: Part 1
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The Basics
Gas prices are driven by the supply and demand of oil. I’ll buy that. Right now, China and India have caused an increase in demand. I’ll also buy that one. This new demand coupled with the limited supply gives us the high prices we are seeing today. This is where I put away my wallet; I’m not buying. The demand is up; however, the supply is not limited.
Where In The World Did I Get This Idea?
Twenty-something years ago energy was cheap, so Congress folded to the pressure of environmentalists and cut back on energy exploration. These wildlife warriors spun epic tales of worldwide destruction due to industrial advancements; much like the global warming myth of today. Congress thought they could quiet the squeaky wheel with a drop of all natural, fully organic, virgin olive oil. Little did they know that this gnat-like annoyance would transform itself into a full grown, man sized, carbon neutral Green Machine capable of devouring any political leader who dared speak against mother nature.
What Does This Mean For Us?
The impact of this Congressional error, you ask? Well, the Department of Interior has reported that billions of barrels of oil (approximately 30 years worth at the current Saudi supply to U.S.) and trillions of cubic feet of natural gas are tucked away under the nice, warm, fuzzy wing of the Green Machine. These numbers are only for readily available oil. They don’t include oil sands, tar sands, shale, or coal to oil possibilities.
The Dreaded Environmental Impact Of Exploring Our Own Resources
So, there must be some environmental impact, right? Sure, but to the dismay of the lords of the lawn it has been a positive impact. Let’s look at the Alaska pipeline. The gurus of grass argued that the pipeline would be detrimental to the caribou population. It turns out that the caribou have flourished BECAUSE of the pipeline. Apparently they prefer to mate by the warmth of the pipeline. When you’re hot, you’re hot! What kind of credibility do the nourishers of nature have now? None in my book.
**Up next**
America’s available energy sources: coal-to-oil, shale, oil sands, tar sands
