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Originally Posted by willravel
Congrats. Still a bit worried about some people on TFP procreating, but I suppose we better have enough to create TFP: the Next Generation. Lebellittle? Lebellette?
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Lebell-lite
Anyway, to continue our conversation, did you see in your reading how much of the US reserves were easily recoverable? Knowing something of the subject matter, I know that is an important factor.
For example, if the cost of recovering half of that parses out to 6 dollars a gallon of gas and you can still get sweet crude out of Saudi or Venezuela for 5 dollars a gallon, then simple economics will tell you what happens next.
Like it or not, the economy, not warm fuzzy wishes will drive what happens. And we have built our political machine to follow the economy.
What happens to a politician that makes a courageous decision that also results in you paying more at the pump, more at the supermarket, more at the <insert store here> while you lose your job as well? That politician loses his job at the next election to the guy who promises he will improve the daily living conditions of Joe Average.
Anyway, I don't see much hope until oil prices get really outrageous and/or there is a technological miracle break-through, such as cold fusion.