Originally Posted by
Tech Maven
First, there is no supply side solution to the problem of peak oil (declining output of oil going forward a few decades). When pundits and media gasbags talk about drilling more oil here in Alaska and off our coasts, they fail to know that even with all that oil, our country will STILL require lots of imported oil. We sadly need OPEC oil in the future.
So I guess the solution is to not drill for more oil? I never understand that statement. It just sounds like something an environmentalist thought of to argue against drilling where no one lives.
Second, even if it only could supply 10% of our daily needs, it still is supplying 10% of our daily needs. Not sure how that is a bad thing.