THE BIG PICTURE (hat tip PAJAMAS MEDIA) links to two good articles about oil-shale development out west. (HERE and HERE.)
I posted on coal-to-oil conversion in September of last year.
SO: ample DOMESTIC sources for oil are here - and more importantly - SO ARE THE RESOURCES NEEDED TO DEVELOP THEM: (1) We got the oil-shale and the coal here - (enough to supply the whole planet for a thousand years!); and we got the MONEY to invest in the technology and production.
So.... DO WE NEED GOVERNMENT INVOLVEMENT?! NO. We just need the price of oil to stay higher than $35/barrel, and we need the government to stay out of the way!
I posted on coal-to-oil conversion in September of last year.
SO: ample DOMESTIC sources for oil are here - and more importantly - SO ARE THE RESOURCES NEEDED TO DEVELOP THEM: (1) We got the oil-shale and the coal here - (enough to supply the whole planet for a thousand years!); and we got the MONEY to invest in the technology and production.
So.... DO WE NEED GOVERNMENT INVOLVEMENT?! NO. We just need the price of oil to stay higher than $35/barrel, and we need the government to stay out of the way!
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