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Discussion: (8 comments)

  1. Max Planck

    That’s the thing about wingnuts. They believe in fossil fuels, but they doubt the existence of fossils.

  2. Interesting artilce in the NYT: “After the Boom in Natural Gas”

    After the Boom

  3. From 2007 to 2011, fossil fuel consumption declined 6.8 quads, production rose 4.2 quads, net imports declined 11 quads. The self-sufficiency story is a 60% consumption decrease and 40% production increase.

  4. but we still have a “war” on coal, pipelines, oil sand oil?

    seems inconsistent.

    1. morganovich

      only to the hard of thinking.

      if i place obstacles in front of you, you may run more slowly than you would have if left alone, but that does not mean you will stop.

  5. morganovich

    a question:

    is that really a good measure of self sufficiency (assuming we care about such)?

    if you consumer 100 units of food as 50 corn 50 beef but produce 100 units of corn, you could be, by that metric, said to be self sufficient in food, but, in reality, you wind up trading a fair bit for it.

    i suspect that energy is similar.

    we produce more gas and coal than we use but less oil and therefore tend to trade.

    in the short run, that’s not the same as self sufficiency.

    1. Comparative advantage trumps self sufficiency every time.

  6. Benjamin Cole

    Yeah, if the GOP is right, and the earth is just 5000 years old, where does all the fossil fuel come from?

    Add on to this all-time record fossil fuel production: 800,000 barrels a day of federally subsidized and then mandated use of, corn ethanol.

    An interesting question: In 10 years, will oil be cheaper or more-expensive than now?

    I think a bit less.

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