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Politics : A US National Health Care System?
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To: John Koligman who wrote (17126)4/20/2010 12:00:18 PM
From: TimF  Read Replies (1) of 42652
 
OT

Serious efforts to gain energy independence, at least over any time scale but the very long run and perhaps even then, would cause more harm to us than the harm the effort is trying to avoid. Supply shocks caused by deliberate policy of the suppliers can only be temporary, they can't afford to cut supply long enough. Forcing the extra cost and inconvenience on ourselves would not have to be temporary.

it looks to me when the oil markets get wind of fields like Ghawar having problems and/or world excess capacity being soaked up, prices soar.

If you want "energy independence" you need to have prices soar, both because if oil prices don't soar you don't get independence, and because the alternatives cost more so by using them you would make prices soar.

Eventually its likely that prices will go significantly up. That price signal will pass along information about relative supply and demand and people will respond to it. Trying out some big centrally planned system now is unlikely to achieve a better result.
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