
Sparky Wilson Copyright(c) 2008 -Cold Fusion Media, Inc (click image to enlarge)
Earth day is coming soon. What better way to help mother Earth than to pledge new ways to clean up the environment, give the American taxpayers and consumers a break (to fix their aching backs) and allocate funds to reduce our middle east oil dependence and finally bring our troops home ...right?
For an interesting perspective on this, I'm living here in Texas, a state that once had oil fields that many claimed were dry simply because the cost of recovery from these old fields was not economical at the old oil prices of $10/barrel. So, you'de think that with the higher oil revenues that towns out in west Texas and eastern New Mexico would now show new signs of life (and wealth) again with this great price boom in oil. Right?
Well, on my last visit to New Mexico a couple months back as I drove through west Texas, all the small oil towns had their nearby fields filled with rigs pumping oil again it seemed, now that electricity costs could be paid to turn on old wells and even drill new wells in lower producing fields. Many that had been left for dry or left idle for years were now pumping again. With the price of oil way up, you'de think these towns would be coming back to life. Even with billions in tax breaks to this industry. Right?
Stark contrasts still existed. Most small towns still looked like they did years ago ago. I could hardly see any signs that higher oil prices have helped them at all so far in this boom cycle. So ask yourself this. Who are the higher oil prices really helping these last few years? Speculators on wall street? Wealthy foreign sheiks who invest, but we're afraid to offend? I really do wonder because it appears to me that the American taxpayers, US soldiers, small Texas towns, bankrupt airlines (who can't afford higher aviation fuel costs), and alternative energy industries who could sure use those oil tax breaks are getting the short end of the deal on this oil boom.
Atomic Links
Pushing the Envelope : Q&A With Wayne Pfeiffer - Dr. Dobb's Portal
Water is the Next Oil - MIT Technology Review
Oil Prices Not Tied to Supply & Demand - Washington Post
There is No Gas Shortage - Business Week
The FuseBox
Architects of a Low-Energy Future - NatureRadon: A Radioactive Gas, But Do You Want It In Your Home? - Rio Rancho Observer


Labels: Comics, Economic Trends, Fusion Energy, Oil, Risk
This entry was posted
on Sunday, April 13, 2008 at 1:22 AM.
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