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Politics : PRESIDENT GEORGE W. BUSH
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To: John Carragher who wrote (450821)9/1/2003 12:24:27 AM
From: GST  Read Replies (2) of 769667
 
We could be far more energy efficient and a great deal of government regulation is inefficient and often counterproductive -- but simply increasing supply is not enough. We are a people who do not value energy resources. We are a people who have lived off the backs of countries with vast quantities of cheap oil -- the marginal cost of a barrel of oil from Saudi is about $2. Nobody likes mid-east oil more than the oil companies. Drill in the arctic when you can pump it out of Saudi for practically nothing?

By the way, in terms of the environment, you might not have got the message, but the earth's climate is changing -- getting warmer. There are environmental costs to wasting so much energy. In a market economy, the onl things that are conserved are the things that are expensive. So long as we have dirt-cheap oil, we are likey to waste it as fast as we can find it and pump it out of every hole we can poke in the earth.
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