Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Alternative energy -- Ignore unavailable to you. Want to Upgrade?

To: Big Bucks who wrote (2946)	4/25/2006 3:12:17 PM
From: Rock_nj	Read Replies (2) \| Respond to of 16955

I think the liberal interest groups blocking off-shore development are a rather small part of the supply problems, with little real impact. The fact is 120 Million barrels of oil will be required each day by 2020 and there's no way there is that sort of supply out there, so the price naturally goes up. Another problem is that we might be nearing peak oil. If that happens, these prices will seem cheap and we will be paying around $10/gallon in short order. The jury is out on whether the peak is here, but the price is definitely saying that demand is outstripping supply. I think there were good reasons in generations past to subsidize nuclear or oil. There just weren't viable alternatives decades ago. But, it's the 21st Century and in many ways we still have mid-20th Century energy policies and that does not make sense. Let's level the playing field and give the developing alternatives a chance.