Would you pay $6 to $8 per gallon to stop offshore drilling?

Prices Could "Skyrocket"

"While we dream about a new energy system that is decades in the future, the prices that consumers will have to pay for things like gasoline, electricity, and diesel would just skyrocket" if America halts offshore driller, Hofmeister tells Aaron and Henry in the accompanying segment. "Prices could get to the point where fixed-income and low-income people are simply taken out of the personal mobility marketplace, which would be a shock and unnecessary because of our unwillingness to produce domestic resources."

But as Aaron asks: "People also don't want oil washing up on their beaches, whether it's in the Gulf of Mexico or Florida or maybe up the East Coast. Do you that think the American public is going to say, 'We don't want you drilling at all offshore?' "

Only if the American public is willing "to accept $6 to $8 [per gallon] gasoline as the alternative, when they can get it," Hofmeister replies.

http://finance.yahoo.com/tech-ticke...lling-says-former-shell-exec-yftt_499176.html

 

I asked this very thing in the oil thread....though I also think that natural gas, heating and electricity prices will rise. As it is, I'm already paying about 190/mo in heat/electricity. If that doubles, that's not good. Triples, starts to hurt a bit. And I'm not one of the many living paycheck-to-paycheck...many of my neighbors would be hosed if their heating/electricity went up 400 a month.

 

F that man

 

Drilling is fine. But these companies need to realize that this is our oil. This is a natural resource of every American. These oil companies need to treat it as such. BP (a foreign company) took needless risks the resulted in the wasting of a valuable natural resource. BP does not operate as safe and careful as American based oil companies do in this country. That is a fact.

 

Great idea Mook. We need to break this philosophy of rewarding people to stop doing the wrong thing instead of being proactive and rewarding people who do the right thing. Income tax is ridiculous especially in regards to OT & Bonus. You work hard to earn more money, sacrifice, and they take away 50% of that right off the top?

 

the problem with not knowing anything about science other than what politicians tell you is that they don't know themselves (and I'm not lumping you in, Maris, I'm lumping in most of the populace of the US who barely got a HS education and have problems balancing checkbooks and understanding compounding interest--yet we expect them to understand energy efficiency, etc.).

"Less costly, less polluting" alternatives? Who's doing that trade study? People knowledgeable about trafficking energy to 120M homes across the US (Big Oil and Utility) or those who have grandiose, yet flawed scientifically view of the environment and pollution (say, Greenpeace)? I don't necessarily trust either of those two choices.

And with more people being born, more restrictions on energy supply -- sorry to say, but the oil industry is nowhere close to "dying". Much as I wish it was. But then again, that'd be bad for the millions in the US whose 401(K) is primarily tied up in mutual funds heavy into oil stocks.

 

So your ideal politician is someone who stands behind his distaste for the military, and will guarantee to vote against drilling on public land?

More to the point, would you be in favor of BP or the like being able to purchase chunks of our littoral areas for oil drilling?

 

It's tough to do nuclear power in a vehicle, unless it's part of the electric plug-in-your-car generation system where plants are providing the electricity. Fuel would be too heavy and hazardous to have in every car.

 

We just have to start making DeLoreans again.