Ever notice how pols of all stripes are united in their determination to free us from our "Reliance on foreign oil"? I can't tell you how many times I cringed when I heard those words come out of W's mouth. It's gospel with both parties.
But let's think about this for a minute. I don't know how much oil there is in this planet, but we can probably all agree that we are using it faster than it is replenishing itself. So, it's a finite resource. Whether there are 50 years of oil left or 150, doesn't really matter. What really matters is what will happen when we finally start to run out.
If you think oil was high at $147/bbl last year, you ain't seen nothin' yet. As oil becomes scarce, it could easily reach $1000. As oil becomes more expensive, yes, markets will deliver alternative technologies to heat our homes, run our cars and light our offices. But, have you ever tried to fly a military jet on solar power? We've had some luck with nuclear powered ships but if you don't have oil, your military is grounded.
So, the last country on earth to have oil reserves will inevitably become the richest, most powerful nation on earth with a military that can easily dominate the rest of the world. I think the last 100 years have proven that only America can handle that kind of responsibility without attempting to become the world's despot.
So, I say, why don't we use up the Bad Guys' oil first (while its cheap) and save ours for when it really counts!
But let's think about this for a minute. I don't know how much oil there is in this planet, but we can probably all agree that we are using it faster than it is replenishing itself. So, it's a finite resource. Whether there are 50 years of oil left or 150, doesn't really matter. What really matters is what will happen when we finally start to run out.
If you think oil was high at $147/bbl last year, you ain't seen nothin' yet. As oil becomes scarce, it could easily reach $1000. As oil becomes more expensive, yes, markets will deliver alternative technologies to heat our homes, run our cars and light our offices. But, have you ever tried to fly a military jet on solar power? We've had some luck with nuclear powered ships but if you don't have oil, your military is grounded.
So, the last country on earth to have oil reserves will inevitably become the richest, most powerful nation on earth with a military that can easily dominate the rest of the world. I think the last 100 years have proven that only America can handle that kind of responsibility without attempting to become the world's despot.
So, I say, why don't we use up the Bad Guys' oil first (while its cheap) and save ours for when it really counts!