Comments on: Another desperate addict: “Bush Asks Saudi King to Open Oil Spigots”

By: RB

RB — Wed, 16 Jan 2008 17:53:01 +0000

I had similar thought yours when I heard the news begging the Saudis’ for lower oil prices. America has hit a new low when it has to go begging to the country that supplied 18 of the 19 9/11 hijackers. After 9/11, President Bush could have asked the to strongly support energy conservation energy and renewable energy and we would have done so. If he had, we wouldn’t need to go begging to the Saudis. Its a shame when a once proud American has to go begging. Its a new low for America.

By: Beefeater

Beefeater — Thu, 17 Jan 2008 02:33:10 +0000

Perhaps if AlGore had taken his rightful place in the White House he would have waved his magic wand and replaced fossil fuels with some sort of fairy dust.

The worlds economy runs on coal and oil right now, and none of the promised solutions have even come close to replacing them yet. For the time being we need the oil, unless we go back to hunting whales and cutting trees for fuel. And you just know how that would go over.

By: John Mashey

John Mashey — Thu, 17 Jan 2008 03:52:01 +0000

Beefeater: you need to read the Hirsch Report, i.e., see:
http://en.wikipedia.org/wiki/Hirsch_report

No competent person I known thinks we can suddenly stop using oil. if you read the Hirsch Report, you can get some idea of the economic consequences if we don’t start tapering oil down 20 years before the Peak, and going all-out on that. Unfortunately, we didn’t start 20 years ago, and the Peak might have alraedy hit (in 2006 according to T. Boone Pickens), or will in the next few years.

IF you’re income is strongly derived from oil profits, or if you’re already comfortably well-off, then you can likely do OK in the next decade or two, but if you’re a worker on an average income, you’re about to get run over. Good luck.