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Originally Posted by motordavid
Nearly 70 percent of the 21 million barrels of oil the United States consumes every day goes for transportation, with the bulk of that burned by individual drivers, according to the National Commission on Energy Policy, a bipartisan research group that advises Congress.
...In any event, added drilling is unlikely to generate sharply lower prices. A recent study by the federal government’s Energy Information Administration estimated that under the best-case scenario opening up the Arctic National Wildlife Refuge would reduce prices by $1.44 a barrel by 2027. Drilling in broader swaths off the continental United States wouldn’t affect prices until 2030.
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Thanks for the article, MD.
It is overly simple, but if we want the price of oil to go down, we have to use less of it. That's it. No investment in diesels, or extra drilling, or conspiracy theory about speculators, matters as much as the fact that we use too much for transportation. We have made urban planning choices in our cities that require the use of the private automobile simply to get by. That has to change. We complain about the lack of public transport, but continue to build suburbs that public transport cannot efficiently serve.
I think there is a direct analogy here to overeating, and complaining about our clothes not fitting. If you want to lose weight, you need to eat less than you burn every day. All the miracle diets, supplements, magic cures, are similar to the miracle fuel price cures. Just drive less. The challenge is that unlike dieting, we have to do this one collectively. That could be a challenge, given the current level of political leadership being exhibited across the spectrum.
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