June 20, 2008

Is Krauthammer really this ideologically driven?

In all the craziness about offshore drilling and 'exploration' of ANWR and other Federal lands, it's become readily apparent that people on the 'drill more, drill now, pay less' side of things are really uninformed. Either that or they are just hellbent on advancing ideology over common sense, wishful thinking vs. hard reality.

The reality is we can already drill in the 4/5 of coastal waters where oil is theoretically located. I say theoretically because we really don't know how much is or isn't down there. Given the finds that have already been made the Gulf, it's clear there IS oil under the bottom. It's also clear there is not nearly enough of it to make a difference in current prices. Nor is there enough in ANWR. Krauthammer, in his column in the WaPo, thinks there is enough for 22 years in ANWR and offshore. At current rates of global consumption. Try 10 at best, Chuck. And that's if you can suck it all out in a steady stream which anyone who bothered to actually study the issue would know you can't do. It's also predicated on those estimated reserves being recoverable reserves. There's a difference, but apparently Krauthammer doesn't know what that difference is.

Now, Chuck's just a columnist and like all columnists he pretty much sucks at research. So, I'll cut him some slack for now. But really, in the future, I'd ask that he at least try to be a little less embarrassingly cocksure?

Look, I've been blogging about this for years. We're running out of cheap oil and as this accelerates additional barrels become incrementally more expensive. Its the nature of a natural resource. Eventually, the easy stuff plays out and what's left is expensive to produce and doesn't come in nearly the quantity it once did. That why you either find something to replace it or you find a way to artificially increase supply.

When it comes to oil, we can do both. If only the ideologues will get out of the goddamn way and let us get to it.

Posted by mcblogger at June 20, 2008 04:00 PM

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Comments

One other point worth mentioning is the increased (and increasing) demand for oil from India and China and other rapidly developing countries.

There's just not enough oil in the world to ultimately satisfy the planet's energy needs.

So, as you say, we need the ideologues to step out of the way so we can ensure a future independent of foreign AND domestic oil AND a future with energy. If we continue on this course, we'll be living in the dark in a few decades.

Posted by: Triangulation of Death [TypeKey Profile Page] at June 20, 2008 04:15 PM

I wrote about this last week on BOR. It's messaging and it's effective because people understand the basics of supply vs. demand but don't understand that the overall complexities of this issue don't necessarily fit into that simple of a framework. It's more effective because the Repubs are speaking with a united voice and no-one in the Dem leadership has bothered to counter it in a meaningful way. Until the Obama campaign makes a high-profile counter-argument that is taken up by the rest of our messenger robots, Republicans will continue to inflict damage (you can see DVO's moronic response as an example of why we're getting hammered on this issue).

Posted by: Kedron Touvell [TypeKey Profile Page] at June 20, 2008 06:52 PM

You're both spot on. In my own way, I'm trying to point out the absurdity of the drill now movement.

I'm giving it some time and I'll keep pounding on it.

Posted by: mcblogger [TypeKey Profile Page] at June 21, 2008 02:45 AM

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