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Originally Posted by Perfectlap
THere's a guy on CNBC saying that we WILL have $7 gas base on $150 oil within a year. Based on that his group is saying 10 million Americans will not be able to afford to cars. Say hello to more public transportation budget deficits and Detroit may close down for business...
He's saying we are 5-6 years away from Hybrid cars becoming available to the public in big numbers.
Also heard an economist from Barrons say that ANWR drilling, best case scenario, at full supply will reduce the per barrel cost of oil maybe, ONE DOLLAR.
And of course there's no obliging the oil companies to sell that oil to the lowest bidder (USA).
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Those who oppose driling of any type are hanging their hat on the $1 figure. The number may be right or not.
The issue really is this: Will we be better off not developing all of our energy sources or not? I think the answer is obvious. Energy sources are largely substitutes for each other.
Lets do them all and see how it turns out!
