Comments on: Oil is Cheap

By: CC

CC — Mon, 05 Oct 2009 16:21:56 +0000

Can someone explain the implications of the new solar tax credits passed by congress with the bailout? I’m trying to determine if there is a minimum investment for the credit or what restrictions exist? It’s not very easy to interpret in the writing of the legislation and I don’t want to guess. Any input would be great.
Will Johnston
The Store for Sustainable Living
http://www.growandmake.com

By: Steve B

Steve B — Mon, 03 Nov 2008 23:49:32 +0000

Although I might nitpick about the efficiency of converting oil’s potential energy to useful work, you are of course correct: oil is staggeringly cheap considering what it provides in terms of energy. It’s even more so when you consider the advanced materials it makes possible. However, as with water, it will remain incredibly cheap while it’s in relative abundance. But as soon as the real scarcity begins the cost will rise to levels we’ve likely never seen.

By: steven xavier

steven xavier — Mon, 20 Oct 2008 14:22:49 +0000

With every bit of oil that opec will reduce, America will increase production 2 to 1 Just to make sure that we are never low on oil. The Arabs are now Messing With a Nation that has a thing for oil. Mess with America and feel the Wrath.

By: Phil Voges

Phil Voges — Fri, 10 Oct 2008 18:09:08 +0000

Phil Voges
Your comment is awaiting moderation.

Where do we go from here? Oil is returning to natural levels. This will put a short term hamper in alternative enrgy investment. Of course it does not eliminate the potential but i believe it may lead to consolidation which means sharing of technology. Both good things in my opinion. Additionally the government will incldue energy inevstment in any stimulus package so hold on to your hats until Januray February and we should take off again.

My 2 Cents
Phil

By: Will Johnston

Will Johnston — Tue, 07 Oct 2008 17:57:49 +0000

Will Johnston
The Store for Sustainable Living
http://www.growandmake.com

By: kirk

kirk — Mon, 06 Oct 2008 14:03:31 +0000

I think that the technology for new energy sources are there but the oil companys or the developes of such technology get paid not to release it. If we didn’t re ly on oil anymore then the oil companies would be broke and thats the last thing that the want obviously. Some of the things that are an option for U.S. citizens are as listed,

1.Drilling in Alaska
2.H2o dependent vehicles
3.Solar energy
4.Drilling of the pacific coast

With all these options I beleive that all are being put to use of are going to be in the future which is a good thing but i personaly think that we need it now more than ever.

By: STORMY

STORMY — Wed, 24 Sep 2008 18:42:36 +0000

There ARE barrels and barrels and metric tons and tons of Oil and Gas that we are not tapping into because of environmental regulation and red tape. Lets get off our duffs and vote the bums out of congress that require all the stupid regulations and red tape, that holds our country back from moving ahead with getting Energy. Besides Oil and Natural Gas. Lets get the Nukes fired up, as they are the most efficient source of energy. What good is “preserving everything” if we don’t have the money, or the fuel to get us there to enjoy it….I have never been to Alaska, and I would like to go there, and if I happen to see a Oil or Natural Gas Pipeline along the way …Great!! that means I may get there cheaper!! After all, we see highways, and aren’t they beautiful too?? wHAT IS THE DIFFERENCE- A HIGHWAY OR A PIPELINE.?NONE.

By: Steve

Steve — Mon, 22 Sep 2008 23:15:25 +0000

With all the talk surrounding the presidential election, the American people don’t seem to realize that with our democracy, the president is limited in what change he or she can actually affect. While all the talk about change and reform is good, the American people should look to the Congress and Senate for the root of our current energy crisis as well as, a lot of other problems that we are currently facing. If there is to be real change in Washington, taxpayers need to look at who they are ultimately electing to represent them in Washington.

Getting back to the discussion at hand. I disagree with the notion that oil is cheap. Oil was cheap when I paid .17 cents a gallon. I refuse to accept the notion that just because Europeans are paying absorbent prices, we should accept that our oil is cheap.

I think that most Americans would agree that we need alternative energy solutions and that we should be investing in the ones that make the best sense and have the greatest probability of succeeding. However, I disagree with the way our legislators are going about it. While our politicians on the left of the Isle are playing games and holding the American people hostage by not allowing drilling in those areas that are proven to produce the greatest amount of oil, people of the Middle East are laughing all the way to the bank at our inability to free our self from oil dependency. We are just helping them achieve their ultimate goal of destroying our economy and our great nation.

As soon as the congress and senate pass a bipartisan bill to open drilling in Anwar and offshore (within the 50 mile limit), watch energy prices fall and you know what, even if they don’t fall, we will have a back up plan… Oil in a few years, lower energy prices, a vibrant economy and most of all, energy independence. In the mean time let’s invest in clean alternative sources. It’s a no brainer…

1. Start drilling.
2. Invest in alternative energy
3. Gain control of our own destiny.

It’s such a no brainer; even the Democrat’s should be able to figure it out.

By: Phil

Phil — Fri, 05 Sep 2008 20:59:22 +0000

Mr. Gross,

Is your time worth $6.55 / hr? Why not? Your labor, when measured in watts, is approximately equal to that of everyone else making minimum wage. Or is it possible that a thing’s value is not equal to its potential power output?

By: James McGrane

James McGrane — Sat, 12 Jul 2008 23:40:38 +0000

Nothing should move so fastas has the price of oil. Everybody has their opinion on what caused it to fit in their own little world. Did you ever look into the Oil Price Speculation comm (6(29/08), by the House Energy & Commerce Subcommittee. There was four witnesses sworn in from Masters Capital Management giving testimony on why the high oil prices. It’s impossible to cover it in this reply, but given the witnesses were sworn in the testimony they gave was very, very strong blaming the speculators, hedgefunds, etc. If the SEC would just change some rules the price of oil would drop fifty percent within two months. As ridiculs as this seems so do the reasons given as to demand and running out of oil seem. This country has enough energy resouorces to last a long time and with planning ahead we can overcome our problems without dirupting the economy and peoples lives. I feel strongly greed has a big part in our current problem.