F... gas prices

[onlydarksets]

Originally Posted by Sheriff Gonna Getcha

It could be just that simple. Read this very interesting Newsweek article. I don't believe the process will be quick, cheap or easy, but with trillions of dollars to be made, the incentive and investment dollars are there.

Also, I'm not sure what role the government should play in this mess. Remember, our government is the one that tried to kill Castro with exploding cigars, couldn't deliver drinking water to Katrina victims, and pays $500 for toilet seats. What makes people optimistic that they can solve a problem that greedy multi-billion dollar companies can't?

Now? Not much. This is a problem for the market to solve and the American people to bear in the interim (via high gas prices). I was speaking historically and from the perspective of, does it make sense to turn over more land (or off-shore rights) to the oil companies when they've shown so little interest, historically, in coming up with alternatives. I understand the economic argument for handing over the drilling rights, but I think it's short-sighted, because the current course is not sustainable and there has to be some incentive to change it.

Interesting article. There was also a National Geographic article a while back that discussed some of the hurdles to biofuels.