hornetguy
15-Year Member
- Joined
- Jun 9, 2006
- Messages
- 2,353
Um.... and they have.... more than once.
As for oil as a commodity, it's going to stay that way, whether you remove some of the demand, demand will remain. You can lessen the NEED for oil, but it won't go away. Drill and refine your own oil, you affect the price, but make no mistake you have many other countries that will continue that demand, and therefore the markets will remain.
Beyond that, a majority of the United States will be dependent.
And that's not even considering the number of products that have oil based ingredients.
Again, we can't think about it in a vacuum. If we are able to massively reduce our own oil demand through renewable technologies, the price point for them will make them realistic for even developing nations (our energy prices are so low, technologies require very big reductions in cost compared to places like Japan and Europe to be used). Already, several places in Africa and South Asia have switched to micro-solar grids because they are cheaper than kerosene or diesel systems in their environment. Having such a large market in the US for non-fossil systems will reduce demand EVERYWHERE from our innovation. Even China, the next big oil hog, is investing heavily in solar development, I guarantee they will follow.
Drill, baby, drill is not the solution to removing our dependence on oil from the Middle East.