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Don Bowen

One point that is usually ignored or just glossed over is the cost. Sure we may or not be sloshing in oil in the next eight years but how much will that oil cost. The oil that was sloshed all over Gulf Coast beaches was $100 oil. The tight oil that is to bring wonders that will allow us to run out 8 mpg pickups three blocks to the 7-11 for a Pepsi is $80 oil. How much will it cost to find, develop, and pump oil 10,000 feet under 10,000 feet of hurricane prone waters?

We will never run out of oil but we have already run out of cheap oil. Rationing by price is the only road we have to the future.

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