There are capped wells all over the US because it costs too much to pump with oil below $100 per barrel.
You’ll have to excuse me if I don’t think saving you a dollar or less when you fill up your car is worth the destruction of my local economy or the sea life in the ocean.
Oil is over. The supply has peaked and is going down, which is why Iran wants nuclear power plants, because they can see the end of oil. There is absolutely no reason for oil companies to spend money drilling for new supplies when they make so much money in the current situation.
]]>Cleaning up the mess left by an oil spill cost more than any possible “benefit” because there aren’t any major finds still out there.
If we had gotten with the program when Carter proposed it, then we could justify the attempt, but the demand has gotten so great that what’s unpumped would even slow the increases in prices.
They lie to increase the profits of their friends.
]]>Santa Barbara doesn’t have industry, per se. We have the tourist trade. They come to enjoy the beaches, the pretty views, taking whale watching trips. Tourists don’t come when there’s thousands of gallons of oil gunking up everything, including the apperatus that dolphins and whales use to breathe.
Our whole society is trained to think of quick, easy solutions (pop a pill and it will be all better) and blank over when confronted with the true facts and extent of the problems. First solution….cut the demand. Oh, forgot….but that won’t work with “the American” lifestyle.
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