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comment by mk
mk  ·  4620 days ago  ·  link  ·    ·  parent  ·  post: Heh, promise kept
Not really comparing the policies. I'm just commenting on the most likely factor in that drop and recovery of prices, -a large recession.

As far as policies, I think the US is going to be sitting pretty in a few years. A huge US natural gas supply is coming on line, and Obama doesn't seem to be getting in the way of that.





cliffelam  ·  4620 days ago  ·  link  ·  
It's already on-line and, weirdly, driving manufacturing back to the US from overseas. Strange world.

Chinese demand has outstripped our recession, I think. Plus the feds won't permit much new drilling and no new refineries will ever be built b/c of the EPA and local NIMBYs.

Sad.

_XC

mk  ·  4620 days ago  ·  link  ·  
Honestly, I'd like to see oil choked a bit. It's an old and dirty tech that we would do better to get more independence from. Necessity is the mother of invention, and as long as oil remains cheap, there isn't going to be much motivation. Of course, we don't want crippling high prices, but I don't think we are anywhere near that scenario.
cliffelam  ·  4620 days ago  ·  link  ·  
You should talk to people making not very much money -they're getting killed.

We have thousands of years of easily accessible coal in this country and probably darn near as much oil. Probably making it "clean enough" is easier and cheaper than any alternative.

-XC

mk  ·  4620 days ago  ·  link  ·  
    You should talk to people making not very much money -they're getting killed.

We could start by giving the oil subsidies back to them as a tax break. That might ease some pain. Every oil company is in the black.

I agree it might be cheaper and easier atm, but the goal is to develop alternatives to get that competitive. That takes investment, and considering the possible benefits, I don't think we have been very serious about it:

http://pre.cloudfront.goodinc.com/posts/full_1299596576_d235...

cliffelam  ·  4620 days ago  ·  link  ·  
Most of the people not making much money already don't pay income tax, so you're in EITC area. Which I think is a bad thing.

The "subsidies" are mostly tax breaks. I'm a fan of fewer of those, you betcha.

-XC

mk  ·  4620 days ago  ·  link  ·  
Fair enough. Well, maybe put the cash into updating our mass transit system. Economic stimulus in the construction, and the poor have more alternatives to pumping gas.

As an aside, if there was a high-speed rail between Detroit and Chicago, I'd visit Chicago twice as much.