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SESD Sious Falls | Jon, Great minds think alike! I have stated before that we should look to stretch out our supply of nonrenewable fossil fuels with renewables to smooth the depletion curve and price appreciation curve. The market by itself is too short-sighted.
We need some planning so we don't end up with $20 oil for 3 years and $150 oil for 10 years. There is a role for government in all this which some people won't accept, although government has always been involved. Government has just tended to be in the pocket of Big Oil. We have to foster renewable technology before oil becomes expensive again. If we wait until oil is $150 a barrel again to invest in R&D the shocks to the economy and the resulting inefficiencies are too severe.
Another thing I agree with is to import more oil when it is at the bottom of the price curve and save more of US production for when oil inevitably becomes more expensive. | |
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Ethanol update.
