25 October 2005
Aw, shucks, it's back to $2.05
Strategic resource or not, the oil industry is not a public utility. Supply and demand ought to be allowed to operate just as it would in the snack cake industry. Those who want to bring a final end to our dependence on fossil fuels ought to have faith that if supply and demand make fossil fuels no longer economically feasible, alternatives will become available; thus they ought to be perfectly okay with high prices for petroleum-based fuels. And if I were CEO of Conoco-Phillips or BP-Amoco or any of the other oil companies, I'd already be funding research into alternatives. You can't patent gasoline, but a viable gasoline substitute?
(1) Have you seen the prices of snack cakes lately?
(2) Alternatives will suddenly appear at the exact point where they're price-competitive with our old-tech stuff; if there's a stumbling block, it's with the fact that we don't have much of an infrastructure to deal with alt-fuels. (How will we know when the fuel cell has been accepted by the marketplace? When there's a hydrogen-dispensing unit at 7-Eleven.)
(3) It's a shame Scotty never finished up that second transporter.Posted at 7:50 AM to Family Joules