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The fate of America’s energy dependence

January 4, 2011

Recently, former Shell Oil President, John Hofmeister, predicted that the price of gasoline will rise to $5 a gallon by 2012. This is cause for great concern as the economic and national security costs of rising oil prices will be disasterous.

While this presents a significant challenge, many argue that it may just be the sort of opportunity that we “environmentalists” need to cease global warming and halt the expansion of dirty fuels into America.

Daniel Gatti from Grist.org:

We should seize this moment to launch a major campaign to end our dependence on oil by investing in new technologies and building the clean transportation alternatives that will protect our environment and middle class families from our dependence on oil. With America at a crossroads, we should recognize this challenge clearly so that we can respond effectively with real solutions instead of defending against the tired “drill baby drill” mantra that would devastate our environment with no discernable impact on prices.

Oil remains the leading cause of global warming and the fact of the matter is that the science of global warming is real. Ninety-eight climate scientists out of 100 say that man’s continued carbon emissions pose the risk of disruptive climate change this century. Two out of 100 will tell you it doesn’t. As Thomas Friedman has said, “Conservatives tell you to bet on the two.”

And as the BP oil spill demonstrated, drilling for oil threatens ecological destruction on a massive scale. Such environmental hazards pose tremendous threats and will only continue to be more severe should we proceed down the dangerous path of energy dependence on filthy fuel.

The spike in oil prices has been fueled by an enormous demand from developing economies, who have seen explosive economic growth over the past decade. While this massive increase in production of oil will add billions in profits for oil co’s like Shell and Exxon, it will only leave Americans who are already financially stretched, even more stressed.

 

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