@Jebediah,
Jebediah;150431 wrote:I think they are focusing on sustainability SB. We aren't there yet though, and we need something to tide us over.
In reality it isn't so much a choice between drilling and not drilling, as it is between drilling and the oil companies extracting oil from the tar sands of alberta, which only becomes cost effective when the price of gas rises.
Humans are extremely adaptably; the amount of investment that would go into oil rigs could easily go into developing public transportation systems and improving urban economics.
I work about 20 miles from my house -If I had to I would bike or carpool. Infact, many websites namely craigslist have carpool sections: all of this coming out of "finding a better way". Thankfully, we're now in an information economy.
The next 10-20 years will be new era in transportation. The greatest stressors come from supply lines (trucking) and heating. As the price of gas rises people have more incentive to *create/resort* to subsitutes/alternatives thereby lowering the equilibrium price. This is good because maybe exxon will put it's money into all that algae we've been hearing about or another sustainable medium.
As per Obama permitting off-shore drilling I think he is focused on other issues and "letting this one slide". His major obligations are clearly related to 1)labor/unemployment 2)healthcare.