This Motley Fool article makes a case that the only way to solve the gas price crisis is ... to use less.
Additionally, with gas so expensive, companies will develop alternative energy solutions. The same happened in Brazil and Denmark, which make considerable use of sugar cane ethanol and wind power respectively.
The author concludes that markets work. They don't always. But in this case, they might.
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2 comments:
sbvor, I do not care to.
I do not oppose extraction of oil shale per se, if environmental issues are addressed first.
However, you haven't addressed the point of my post. The only way to solve the gas crisis is to use less gas. Extracting oil from shale, or drilling in the ANWR, is not unacceptable, but it delays forcing people to change their wasteful habits.
Additionally, I do not trust resource extraction industries to use the least damaging methods, or to clean up after themselves.
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