PS360ForTheWin said:
luinil said:
No actually. I don't agree with you that alternative fuel sources are needed. They will be nice for taking the pressure off of oil, eventually. Right now there is still PLENTY of oil in the ground. It would take the world well over 30 years to use it up even at the current expanding rate oil is being used. Did you know that there was recently a BIG find of oil in the Dakotas? And did you know that the US has abundant supplies of Shale, from which oil can be extracted? Did you also know that the same environmental extremists that cry out loudest about Global Warming also cry out loudest again drilling for oil in America? What about ANWR? What about drilling off the coasts of Florida and California? Australia drills off its coasts extensively, but their beaches are still great. There is plenty of oil out there to be found and recovered, but simply put the environmentalists won't stand for it. EDIT: I do think that alternative fuels will replace oil, eventually. But it will be YEARS down the line. They simply are not ready for large scale usage. They are too expensive and too hard to produce eficiently. Research them all you want, but Oil is and will be the fuel that runs the world for the forseeable future. |
so the global oil price is increasing becauese theres plenty of it? |
No, the prices are increasing because there is not enough of it ON THE MARKET! If you were to think of this as what it is, supply and demand, then if the supply stays constant and the demand goes up, the price will go up. This is EXACTLY what is going on now. China and India are expanding at a rapid rate and are using oil like never before (for them). So CONSTANT supply of oil (on the market) + INCREASING demand of oil = INCREASING price of oil, how to fix? Two ways: 1) lower demand levels, or 2) Increase supply. Either way, prices will go down. Since option 1 is not going to happen, lets open up drilling for domestic oil and produce, produce, produce!
