Tell this to the voting public and see what happens ...
The Good News About Oil Prices Is the Bad News - New York Times
"The bad news about energy just keeps coming. Oil prices have fallen sharply since July. Nuclear tensions with Iran and Alaskan pipeline troubles haven’t caused an upward spike. A weakening real estate market and other possible harbingers of recession suggest that oil demand — and therefore prices — could erode even further.
Finally, in something like the coup de grâce, Chevron and its partners announced a new oil discovery in the Gulf of Mexico, one that could increase America’s oil reserves by as much as 50 percent.
What’s that you say? You think this sounds like good news rather than bad? You figure cheaper oil would boost economic growth while slashing the income of such lovable oil exporters as Iran?
Don’t kid yourself. Anything that reinforces the role of fossil fuels — particularly oil — as the industrial world’s primary energy source is bad, not good. Anything that prolongs the life of the internal combustion engine is a negative, not a positive. Anything that makes it cheaper to pump greenhouse gases into the atmosphere is cause for mourning rather than celebration.
What we need is not lower oil prices but higher ones — significantly higher, enough to deter consumption and make us look seriously at alternatives. "
No comments:
Post a Comment