HARD TIMES ARE 'A COMING
I'm a child of the Great Depression of the 1930's. I know hard times.
If things in our government and economy do not change drastically in the next few years then hard times are a coming. You will see $8 or more for a gallon of gasoline before the year 2012. Our economy is based on hydrocarbons (petroleum and coal). The more expensive a barrel of oil the more expensive everything becomes, including food. The price of oil was $2.10 a barrel when I went to work for Standolind Oil & Gas Company in 1954. Today, a barrel of oil is about $112. I don't see anything any time soon to cause it to come down.
We in the United States have been on a 30-year hiatus playing 'footsie' with the looney environmentalists worrying about global warming, spotted owls, snail darters, kangaroo rats, and any other sham crisis you can imagine. It is sad that our elected officials and public policy makers buy into this outrageous nonsense.
Ethanol is NOT the answer. Ethanol is a sham. It costs more to distill a gallon of ethanol than to refine a gallon of gasoline. A gallon of ethanol has 73,000 BTU's. A gallon of gasoline has 127,000 BTU's. Which do you think will take you further down the road?
The immediate solution is to drill, drill, drill for more oil and to build nuclear electrical generating plants. The French get over 75% of their electricity from nuclear plants. We can not drill offshore Florida. We can not drill offshore California. We can not drill in ANWAR where no one lives. We can't even put windmill generators off shore Cape Cod because that is where Ted Kennedy sails his boat. We have not built a new gasoline refinery in the United States in over 30 years. The current ones are old and inefficient, but we can't build new ones. Are we stupid or what? If we could start drilling in ANWAR today it would be 12 or more years before a barrel of oil flowed into the economy.
So, I say: "Get ready, folks. Hard times are 'a coming that will make the Great Depression look like a church picnic."
If things in our government and economy do not change drastically in the next few years then hard times are a coming. You will see $8 or more for a gallon of gasoline before the year 2012. Our economy is based on hydrocarbons (petroleum and coal). The more expensive a barrel of oil the more expensive everything becomes, including food. The price of oil was $2.10 a barrel when I went to work for Standolind Oil & Gas Company in 1954. Today, a barrel of oil is about $112. I don't see anything any time soon to cause it to come down.
We in the United States have been on a 30-year hiatus playing 'footsie' with the looney environmentalists worrying about global warming, spotted owls, snail darters, kangaroo rats, and any other sham crisis you can imagine. It is sad that our elected officials and public policy makers buy into this outrageous nonsense.
Ethanol is NOT the answer. Ethanol is a sham. It costs more to distill a gallon of ethanol than to refine a gallon of gasoline. A gallon of ethanol has 73,000 BTU's. A gallon of gasoline has 127,000 BTU's. Which do you think will take you further down the road?
The immediate solution is to drill, drill, drill for more oil and to build nuclear electrical generating plants. The French get over 75% of their electricity from nuclear plants. We can not drill offshore Florida. We can not drill offshore California. We can not drill in ANWAR where no one lives. We can't even put windmill generators off shore Cape Cod because that is where Ted Kennedy sails his boat. We have not built a new gasoline refinery in the United States in over 30 years. The current ones are old and inefficient, but we can't build new ones. Are we stupid or what? If we could start drilling in ANWAR today it would be 12 or more years before a barrel of oil flowed into the economy.
So, I say: "Get ready, folks. Hard times are 'a coming that will make the Great Depression look like a church picnic."
posted by Donald G Davidson at 10:18 PM
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