Ok, since I am basically ready to go racing, I'll sign in on this. First, I
take the unpopular position that the oil companies are not to blame. Yes
they have had good profits, but when compared to many other industries, not
obscene. These are public owned entities so many people are being rewarded
by the profitability. A few years ago, when they were struggling, I didn't
hear a cry for someone to help them. The talk of nationalization of oil is
scary! Taxing them is also not the answer. Corporations don't pay taxes, the
consumer does. It is just added to the price of the product.
Secondly, if we produce more oil that increases supply which will, I believe
lower prices once the supply surpasses the demand. Just the possibility
that there will be new trouble
In the Mid-East sends oil prices up. And you may have noticed the increased
talk of offshore drilling has sent prices down. More proof that the
speculation has an effect on the price of oil.
Thirdly, the price of gas is not because of lack of refinery capacity. As
has been mentioned, refineries are constantly being upgraded and becoming
more efficient. That doesn't mean that we should not be building more,
however.
And finally, energy research is ongoing, some things are promising and
others are not cost effective energy wise. The electric automobiles on the
horizon sound good, but more electric cars impact electrical generation,
then what. Ethanol from corn is not the answer, its not efficient and
impacts food prices. The most promising thing I have heard lately is the
algae farming. http://www.usatoday
com/tech/science/2006-01-10-algae-powerplants_x.htm and there are many more
sites.
I could go on for ever here, but the point is, I believe, if given the
unfettered opportunity to step outside the box and use their inguenuity,
private business will solve the problem. The best thing that government can
do is get out of the way! Just my humble opinion.
Tom, Redding CA - #216 D/FCC
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