dssur
+1y
I agree for the most part Chris. the problem with alternatives to gasoline is that, too rapid a switchover will hurt a LOT of people, much more than increasing gas prices. Think of it this way: A device is invented, refined, or otherwise released that eliminates or seiously decreases the dependency on oil.
1. The people who make gasoline will scale production, and the cost of kerosene, plastics, and other petroleum based products made from oil would skyrocket.
2. the people who haul, deliver,and store gasoline would have to find other work.
3. Gas stations, which sell more than gasoline, would be reduced by about 90%, leaving millions on unemployment.
4. The domestic oil production would declline, leaving even more people jobless.
5. Foreign oil production would also decline, and the countries would enter economic recessions, requiring them to call in their loans to the US, raising taxes.
Gasoline is the root of our economy, it keeps about 1/5th of every citizens income in continuous spending. Thats why gasoline is taxed like it is, because everyone needs it and even the most miserly rich people spend on it. With an efficient alternative power source, the balance shifts again, leaving the country without income to build armies and provide for defense, leaving a lot of direct and indirect citizens jobless. Whatever relaces gasoline needs to be as available for everyone to make money on.
I read that there is enough natural gas burnt off the Alaskan oil feilds every day to power California for two days. Why? Because the cost of piping it to California would be non-profit once the resulting gas supply would lower energy costs. No one is looking for a solution because there is still so much money to be made.