Posted: Jun 29, 2008, 12:36 PM CST
Indyfella wrote:One could say the free market works. Also,people are adaptive creatures. We're seeing developement of electric cars, hybrids, etc. If we see $200 oil, my hunch is that those types of vehicles be online even faster. (not "online", but online for production).
Personally, I think this "gas crisis", in the end...may not be a bad thing.
There's hope for you yet Indy.
You're starting to sound like a democrat
Here's an article on offshore drilling that might interest you.
http://www.buzzflash.com/articles/alerts/382
"Sen. John McCain (R-AZ) recently switched his policy on offshore drilling, calling to increase federal leases last week at a campaign stop in Texas.
This switch, after years of opposing such action in the Senate, puts McCain in line with President George W. Bush's energy policies. In his weekly radio address this past weekend, Bush called for Congress to act. Like McCain, Bush cited Americans' pain at the pump as a reason for Congress to lift the ban on offshore drilling.
Which is funny, because there is no ban. What the president and McCain want is for Congress to lift a moratorium on the issuance of new drilling leases.
Which is funny, because the oil companies aren't using the leases they already have." .......more
Oil Price predictions....$200 barrel great news: click here to read the entire thread »