Leonardo"s Notebook by Mattheus Mei

I have been impressed with the urgency of doing. Knowing is not enough; we must apply. Being willing is not enough; we must do.

Wednesday, June 18, 2008

No Immediate Effect

No immediate effect, that's what Obama and Environmentalists say about the potential of drilling for oil off California and Florida and what McCain's camp admits:

Douglas Holtz-Eakin, a senior advisor to McCain's campaign, acknowledged in a conference call to reporters that new offshore drilling would have no immediate effect on supplies or prices.

This is becoming the next round of pandering akin to the gas tax holiday scheme proposed earlier this election cycle due to the sky-rocketing energy prices, prices I might add that are still well below the average price of fuel in Europe from even two years ago.

As an American, I'm here to tell my compatriots to get over themselves, suck it up: by a more fuel efficient car, demand higher CAFE standards from your representatives, use public transit where available, carpool, and if you have to - walk or ride a bike, for the majority of us our doctors have been suggesting such exercise for years anyway.

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Gashwin said...

So, when are you getting rid of Pestilence and buying a hybrid, and walking to work? :)

The only immediate effect might be futures markets that might get excited/nervous about increasing supplies. But duh. Offshore drilling isn't going to increase supply overnight.

I don't see what the problem with us getting and finding new sources of oil is, especially if they're off our freakin' coast, and if China or others are heading that way anyway.

Exploring for oil (which costs a heck of a lot of money, which these record profits that the oil companies have can pay for. If they think they'll get a sound return on their investment) and researching alternative fuels aren't mutually exclusive.

I heard on CNN that there was a 27 year old moratorium on the US doing offshore drilling. Been meaning to Google that. Any ideas what that was about?

Gashwin said...

Hmm ok. To protect the environment. Hmm.

If China can have access to some of these areas, why can't the US? Or are these two different areas?

Mattheus Mei said...

actually pestilence gets great gas mileage, I fill her up once every 3 weeks, I've learned to cope by conserving. I'm in the midst of changing habits... don't worry, as to the second bit about China and India - it's about proportions India consumes on average one barrel of oil per person a year, China 2 - what about the US? 25. I'll let that speak to itself why it's ok that China and India can pursue more oil and the US with all of its wealth and 1st world ingenuity should seriously consider investing in alternative fuels. The oil companies don't seem to be doing that, instead they're investing a majority of those record profits into technology designed to look for more oil right now and have been for the past decade, not splitting 50/50 on alternative fuels and the search for oil.

Mattheus Mei said...

that should be per day not per year