The Unflattering Economics of Oil

The oil spill from BP and the Deepwater HorizonYou, the auto owner, pay a price for that fuel
started me thinking about the way we peopleand drive away.
look at things and the perspectives we hold. Yes,But think a little deeper into the poor economics
this is a human and environmental tragedy of stillof this. Your investment is gone by the time your
untold proportions, and it's highly unpleasant to runtank is empty. The amount of money it costs to
through the list of effects this event will have.get the fuel out of the ground and into your car
We can begin with the loss of human life in theis very high compared to how much you actually
name of saving an old industry, and then move toend up paying at the pump. That large amount of
the chain of life that has been bitterly abused ormoney being spent on securing oil is going to an
ended, on down to the long lasting seriousinvestment that isn't able to replenish or even
environmental impacts, and over to the gulf coastbegin to sustain itself. Thus, the money you spent
economy that won't soon forget what it's like toout of your pocket to fill your tank is going to
have Katrina #2 sitting at their weary doorstepssomething that doesn't grow, but shrinks.
once again.And following that chain of events, you then have
And the list will continue to go on...several layers of business and industry that now
But even as this oil spill is akin to a catastrophe,face serious consequences should they not either
I'd like you to stop for just a moment, andup-grade their technology or buy carbon credits
change perspectives with me. Events like thisto reduce their carbon footprint. They, in turn will
often change humanity's course (as long as wemost likely have to raise their prices to cushion
are aware enough to see that we have the abilitythe cost of saving the environment and humans
to change it, of "course"...).from the pollution caused by fossil fuels...and the
Changing perspectives means taking a look at thedrilling of...
timing of this. On the surface it appears to beSo as you watch the 'who knows how many'
very, very bad because in so many ways it is.thousands...millions of gallons of oil as it is seeping
But it's also an exclamation point bringing attentionfrom the ocean floor, take a look at what is
to something else. Looking deeper clearly showsREALLY coming up and screaming at you to pay
sluggish governmental cooperation in not onlyattention to...
protecting the environment, but just asWe're smarter humans than this.
importantly, applying solid forward movement toEconomically, renewable energy is a no brainer.
a sustainable industry we all know is necessaryWouldn't it have been nice if every time we dug
right now. So if anything, this will definitely placeinto the ground to get those fossil fuels, that they
many politicians right in the middle of the hot seatimmediately replenished themselves? Now that
with not only our environmentalists, but reallywould be an investment!
anyone who either likes eating fish or looking at aThen just imagine running your car on water or
clean ocean.clean electricity. Your investment doesn't run dry
It is also something that can be looked at as a bigwhen your car does. Your investment is counted
white elephant in the room when applying thebecause you have just put your hard-earned cash
economics of oil production vs. renewable energyinto something that actually helps everyone!
production.You've also just saved yourself the couple
Fossil fuels are pumped from the ground, ranthousand dollars you'd have ended up spending on
through their processes, given several additives,the pollution clean up - either directly or indirectly.
transported to filling stations and made available toIt's really an easy choice.
be put into your car.Peace!