Foreign Affairs magazine from a couple of years ago theorized that if the fed's had kept up the level of energy conservation R&D funding as was spent from the early 70s to the early 80s we wouldn't have to worry about foreign at all by the late 90s, unfortunately by late 80s most of the big federal money go to that type of R&D(energy conservation) dried up.
Same article I believe dug up some research done by oil companies and even they figured that ANWR production would not be profitable unless prices went up to $50/barrel. Just curious how things work out. On 8/18/05, Greg Sevart <[EMAIL PROTECTED]> wrote: > > > > > Hoping to get away from high prices for fuel is unrealistic, also, no > > matter where the energy comes from. Prices are supply and demand driven. > > Any decrease in price caused by an increase in supply is offset by an > > increase in demand. > > > > In the case of oil, prices have recently been driven NOT by supply and > demand, but by the fears of supply and demand. Easily 50% of the cost of oil > today is a premium built not on actual supply or demand, but mere > speculation and the fear of supply disruptions. Currently, there is plenty > of supply to meet demand, but the margin is slim. > > Economics 101 doesn't (directly) apply here. > > Greg > > > -- -jmg Chaos often breeds life, when order breeds habit. Henry Brooks Adams [1838-1918]
