Saudi Arabia to America: Get real about oil
Do we need them far more than we care to admit?Last week a Saudi Arabian oil minister claimed that American energy independence is "a concept that is unrealistic, misguided and ultimately harmful to energy-producing and - consuming countries alike."
Moreover, interdependence between Saudi Arabia and the US will last for decades.
Obviously, what else would anyone expect from a Saudi oil minister?
Nonetheless, isn't it true that America will be heavily dependent upon foreign oil at least another 3 decades? Is America's energy policy still "schizophrenic" and delusional?
Labels: Foreign Oil Dependency
posted by Dahcredyns at
8:33 AM
6 Comments:
With Chinese auto sales outgrown US auto sales and other growing markets, e.g. in India, expect no mercy. Trusting Arabs is not only dangerous, but also probably a very stupid move, because their own oil reserves might be depleted in the very nearest future.
Regardless of what anyone from Saudi Arabia has to say, won't the US be dependent upon massive amounts of foreign oil for at least another 3 decades, maybe even 4 or 5 decades?
Look at CAFE. Look at cash for clunkers data. Even if we started building nothing but solar-powered cars today it would still take over a decade to replace the current fleet.
Yet, we're still a decade from even 5 percent EV market penetration. 20 percent penetration could be at least 3 decades away according to most current data.
Inevitably, we ARE completely dependent upon foreign oil for the next several decades without drastic changes in energy legislation, etc.
Is that not true?
not 100% solid-gold not chance true...
but dang near...
absent a gamer-changer ...which at the least people ARE looking for right now...
the "inventor" and his offspring into 2100 would be rich beyond their wildest dreams.
In "theory" we could substitute coal/nuclear/solar for plug-ins if we could produce plug-ins that:
1. had a longer range - they need to find out how much of a problem this is.
there has to be a "sweet spot" on range that consumers will "tolerate".
2. price-point
when you look at the shorter term economic future of the US... unemployment, out-sourcing, etc... it does not look particularily good.
we're not going to be so flush with money that folks are going to drop an extra 5K for a car - unless they are going to get that 5K back within the traditional payoff period so that the the transaction itself if not revenue neutral ... close.
I tell you what.
The US may be dependent on foreign oil to fuel their vehicles, by I will not.
I am planning for the day that I no longer drive a vehicle powered by foreign oil.......and that day will not be 30 years from now......
and i'd love to see special tax credits for people like you, smurf.
why not a special tax credit for people that combine both solar and plug-in technology?
let's bring these technologies together as much as possible as quickly as possible.
Dahc,
That would be great.
I already have the solar panels.......
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