<<Good point. Now tell me again who it is that wants to invade our shores. Sometimes I forget and it leaves me at a disadvantage when I attend the Chicken Little meetings and forget to scream like a woman and cry, "the sky is falling, the sky is falling.">>>
Nobody has to invade us to destroy our society as we know it.
I am pessimistic today and it looks like the good times are over for while.
We are using 20 mm bbls oil per day when Iraq is producing 2 mm bbls per day. Even if they get to 4mm bbbls, we use 5 times that amount.
Not all is lost yet, but there are huge investments and changes if we want to continue driving SUV's .
Here is a new well in the Gulf, producing 1/2000 of what we use per day. There are many, many more low production wells and fields that have been shut down that could be improved and reactivated.
biz.yahoo.com
The production of these wells is worth about $520,000
per day at present prices. Yet that is only 1/2000 of what we are using. Amazing .
This is gross, our consumption has grown beyond all reasonable measures. Having 4 time the GNP of the No 2 country, Japan, we should have worked at becoming more efficient. Lots of talk there, but not enough action.
IMO we are in tough.
But fuel was so cheap, that the CAFE efficiency requirements for vehicle fuel efficienty were cancelled or diluted by excluding trucks from the computations.
It will take all America can do now to hold the major gains in life style. And the chances of going downhill are growing despite all we may accomplish in Iraq.
Reactivate old wells despite the fact it may disturb some nearby residents, open up the offshore areas that have been shut down, drill new wells in Alaska, The insulation in many
new buildings is now inadequate, being based on comparion
with much lower oil prices. Move to florescent lighting which is much more efficient.
Develop more efficient cars and rapidly.
We are drowning in laws and regulations that prohibit this, or prohibit that, or demand that. It stifles new ideas and solutions.
And it will take time to revise those rules.
Meanwhile we are heavily engaged in the ME trying to stabilize the oil production regions and postphone the day of reckoning.
Buying time.
Sig |
