Oh, right! And we should just sit around and pick our nose until this bold new technology arrives. Just like the DO NOTHING DEMOCRAPS! You are nothing if not predictable...
Actually Do MUCH is what would be done to make the new Technology arrive. And much quicker and less expensive than the DECADE required to drill OCS. But keep being stuck in tar pits enjoying the warmth of the tar and you will not grasp the changes.
DANGER: McBEAR ON A SOAPBOX
I have never been against drilling in the OSC or ANWR. I have always thought that we do what is BEST for our total energy future. I have never taken the environmental logic that the coastline has to remain pristine nor have I taken the business logic that we do whatever it takes to get the oil. There is a Best Practices logic somewhere in the middle.
So, somewhere in that argument, first in the Seventies at the Academy as a general "systems" environmental issue and then back in the Nineties as ANWR and OCS were coming into focus with the pipeline I looked at them from a SYSTEMS approach. First things I threw out were the environmental and political issues as the cloud the issue.
Now, with 10 more years of data, I am able to look even better, and add in the economic impacts and new technologies that have come into play in the interim since I started looking at this some 15 years ago.
What I see is X amount of oil that is harvestable. More in the OCS than ANWR. I would throw ANWR out immediately as the 2-5 year return is not worth the 5-10 year investment to harvest.
With OCS, there is a harvestable amount BUT, it is finite AND its quantity and ability to retrieve is not clear. Much of the US Minerals Management Service
reports say "estimates of undiscovered
recoverable oil". No one know how much or if it is viable to retrieve using available technology.
That brings me to my conclusions, shared by a whole bunch of people. Oil is a paradigm whose time is past. All the energy and money we would utilize exploring for this very finite amount of Oil, that would only be a stopgap at best could better be used by moving to a next generation technology that is NOT a stopgap. It just does not make sense to dump money into a hole that has such a limited ROI.
And NONE of the actions that have been suggested for drilling or exploration of OCS will EVER reduce the price of gas at the pump - which is the carrot that McCain and Bush are trying to use to destabilize the election with this political football.
So you ask what we do "until this technology arrives?" I would recommend investing in Alternative Energy companies that are working their asses off to provide the next Internal Combustion Engine or the next Hybrid. I would [actually AM] push Congress to make the Auto Industry accelerate their CAFE numbers so that the interim DEMAND is reduced and we no longer need 20 Million Barrels of Oil a Day. I would [actually AM] hammer the Auto makers to make cars that work best for the buyers, not the company's ledger sheet [I use the NAIAS AutoWeek symposium to do that].
If people would just start thinking and planning and executing for future technology and let the current technology just run its course, this energy issue in transportation, and our dependence on Middle Eastern and OPEC Oil will disappear.