You can't afford deep off shore wells at $40 something a gallon. Unless you subsidize the crap out of the drilling.
And btw, if you set the price at $40/gallon, I'll GUARANTEE YOU that I'll find you so much oil you won't be able to exhaust it for a hundred years.
Hell, in oil shale alone, the US has the largest reserves on the planet and could likely provide all the oil we need for several hundred years and it would only cost $95/bbl which, given 42 gallons per barrel would be one hell of a profit!! I'd only need 3 gallons of the stuff to break even. There won't be any need to go offshore!!:
en.wikipedia.org
en.wikipedia.org
You want to wean this country off of oil, and especially imported oil, then you need to provide a vehicular alternative that represents the same or better cost, reliability, convenience, AND PERFORMANCE to the vehicles they currently purchase. Until Detroit accomplishes that, or oil goes back to $100/bbl, it's going to be at least 10 years before alternative energy vehicles make an impact.
Hawk |
