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« News of the day 4/5/05 | Main | Technical Note: Gasification »

April 05, 2005


Jigar Shah

Exploration Incentives don't work any more. It causes people to drill holes and waste money without any risk. There should be risk when investing in high rate of return projects.

With higher oil prices, Billions of dollars are sucked out of the US economy. We desperately need an insurance money and incentives for more drilling won't do it. We need to reduce oil usage drastically. Hybrid vehciles and Ethanol are a start. Plug-in hybrids would be better.

THey funny thing is that it is not hard. We just need to make a choice. The $8B in the hOuse energy bill is so much money it is ridiculous to think about. $8B could pay to upgrade all of us to Hybrid in the next 3 years.

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