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View Diary: Sen. Sanders blasts "completely unacceptable" new rule to regulate oil speculators (70 comments)

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  •  I hope Sen. Sanders examines Peak Oil (3+ / 0-)
    Recommended by:
    RJDixon74135, Amber6541, ocschwar

    And starts taking it seriously.  Many geological studies indicate we're only 1-4 years away from the decline slope of peak oil, which will cause major economic issues that are being totally ignored by congress.

    Sen. Sanders should be pounding the tables asking where the plan is to respond to that.  Speculation is an issue, but it's insignificant compared to the broader challenge peak oil is going to cause, as I've been trying to write about recently.

    contraposition.org - thoughts on energy, the environment, and society.

    by barath on Tue Oct 18, 2011 at 06:23:49 AM PDT

    •  I agree with you, barath (3+ / 0-)

      I'm retired now, but I spent almost my entire working career involved in publishing science books and journals for geophysicists, paleontologists, sedimentologists, and climatologists engaged in exploration research, so I'm extremely aware of the outlook for production and for the environment even if production potential were unlimited, which it clearly is not. Still, I see that we have a multi-faceted problem and we can't let the bureaucrats, the cartels, the oil companies buying our Congress, or the speculators on Wall Street make it any worse than it must be. Every player on our team has a different job to do. It's going to take the whole team, but we should still cheer Sanders' good play.

      Men never do evil so completely and cheerfully as when they do it from a religious conviction. -- Blaise Pascal

      by RJDixon74135 on Tue Oct 18, 2011 at 07:49:59 AM PDT

      [ Parent ]

      •  Sure... (0+ / 0-)

        But where are the players in congress talking about addressing oil depletion?  I mean, it's not going to come from the GOP side - they've been pushing the idea recently (courtesy of the Wall Street Journal's front-page push by Daniel Yergin) that there are no limits on oil production and that we can just keep drilling our way to salvation.

        The problem is that progressive congresspeople and senators who should be talking about this aren't.

        contraposition.org - thoughts on energy, the environment, and society.

        by barath on Tue Oct 18, 2011 at 08:01:49 AM PDT

        [ Parent ]

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