Thursday, December 18, 2008

Oil and Security

As a follow-up to my previous post, I found this article in my EMail in-basket.

The source is the Foreign Policy Research Institute (FPRI), out of Philadelphia. It has been around since 1955.

The author of this article, Dr Bernard Munk, argues for three points:
  1. keep the price of oil high to the users of oil products!
  2. national energy policy should have a lockbox concept so that it is not abused by the “pet projects” of earmarking Congresspersons
  3. the policy needs to be implemented now and it must include a plan that forces rising taxes far into the indefinite future.
This is a pretty radical approach, but it makes important points that need to be considered.

For example, Dr Munk suggests that the T Boone Pickens Wind Farm proposal for West Texas is now in limbo due to the recent continuing drop in oil prices.

Remember, whether you believe in climate change or not, our large dependence on oil is a national security issue of great importance. Oil will not go on for ever.

Regards -- Cliff

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