Posted on 11/15/2007 1:48:25 PM PST by mtnwmn
"The major obstacle to the development of new supplies is not geology but what happens above ground: international affairs, politics, investment and technology." —Daniel Yergin, Pulitzer Prize-winning author of "The Prize: The Epic Quest for Oil, Money, and Power."
With oil prices soaring to record highs, currently over $90 per barrel, and Americans increasingly feeling the impact, Congress can choose to magnify the problem or be part of the solution.
(Excerpt) Read more at ibdeditorials.com ...
Sometimes the Pulitzer winner is enlightening, sometimes it is dreck. Depends who they interview and the story they tell. One thing is probable—the oil business as seen on Dallas was the smurf version.
Good point, RW. I would think with oil at $90/bbl that the Texas oil production would be through the roof.
The talk of ethanol for use in any activity other than drinking is PROOF that America is not serious about energy independence.
They are too busy playing politics.
the way to solve the ‘refinery shortage’ isue
is to produce more ethanol.
ethanol ... cuts the refineries and the middle east
out of the deal.
“The Prize” is an incredible book. You’ll never look at oil patch the same way again. Every member of Congress should read it before they stick their fingers into the wind to determine how they’ll vote on the next energy bill.
I try to avoid reading these econ books although somehow I have quite a few anyway. Steel, oil, copper, and aluminum is my interest so based on the recommendation and the book is only $14.96 at Amazon I will read it.
bmflr
I looked it up and it has good reviews. I think I will read it.
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