<POLL: CLV08 went through $91/bbl..so, in the next 60 days, the front month price of CL will... The Oil Drum DrumBeat: September 17, 2008>

40 comments on Offshore Drilling Debate

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dwcal on September 16, 2008 - 7:21pm Permalink | Subthread | Parent | Comments top

We can shut down the drive for new drilling if we just conserve enough to force the oil price down further

That may be true, but voluntary conservation and rationing by price can only go so far. We can conserve even more with incentives to push us along, like the ones in this bill.

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mdsolar on September 16, 2008 - 9:24pm Permalink | Subthread | Parent | Comments top

I agree that organized conservation could be the most effective. The rationing plan developed by the Economic Regulatory Administration seems quite similar to the more recently invented TEQs though it just applies to liquid fuels. The US plan is described here: http://www.osti.gov/energycitations/product.biblio.jsp?osti_id=6307185 and TEQs are described here: http://www.teqs.net/

The incentives in both plans are that you get paid for energy you don't use.

Chris

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40 comments on Offshore Drilling Debate

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