The random political thoughts thread (Part Deux)

scaeagles · 05-22-2006, 01:17 PM

Free market....are you suggesting there is no monetary incentive to inventors and innovators at present to come up with the practical hydrogen fuel cell? They would get rich regardless of the current oil price. $10/gallon doesn't change that.

Considering that right now oil can be (and is being) excvtracted from the nearly limitless supply of shale in the rocky mountains at a cost of about $90/barrell, it is not practical to think that oil will ever get much above that. As the price of oil increases and the processes to extract that oil becaome more efficient and economical, more and more of our domestic supply will come from that source (until radical enviromentalists stop it

).

05-22-2006, 01:17 PM	#10
scaeagles I LIKE! Join Date: Jan 2005 Posts: 7,819	Free market....are you suggesting there is no monetary incentive to inventors and innovators at present to come up with the practical hydrogen fuel cell? They would get rich regardless of the current oil price. $10/gallon doesn't change that. Considering that right now oil can be (and is being) excvtracted from the nearly limitless supply of shale in the rocky mountains at a cost of about $90/barrell, it is not practical to think that oil will ever get much above that. As the price of oil increases and the processes to extract that oil becaome more efficient and economical, more and more of our domestic supply will come from that source (until radical enviromentalists stop it ).
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