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By BRB29 on 4/11/2013 11:47:41 AM , Rating: 2
Because our economy is still dependent on oil for probably another 50 years at least. We're already drilling more but we don't want to use everything up in the next 20 years. It doesn't make any sense to wean off foreign oil now and then use up all of our oil before we find a suitable substitute.

The DOI controls when, where, how much and how drilling will occur. The EPA and a few other agencies does research on impacts of different oil productions on the environment and the economy.

The President is just continuing what Bush has started to push for alternative less polluting energy. He did not stop or limit drilling.

Even if we can find a substitute today, it will take decades to convert our entire country.

By Ringold on 4/11/2013 3:35:13 PM , Rating: 3

False choice. The equipment, technology and financial and human capital necessary to fully explore and then deplete our reserves of oil in just 20 years doesn't exist. And financially, it couldn't exist, as that would push prices too high.

50 years, now that could, possibly, be done with huge effort.

