I read a lot of opinions on the Drill Here, Drill Now, Pay Less forums today. There are a lot of people with very impassioned opinions supported by all manner of graphs, charts, references, quotes, projections, etc. They argue about how much oil there is, and how quickly we can get it out. They argue about whether it can make a difference or whether whatever oil we pump from new American sources will just get lost in the rounding.
Here's what I think.
We should drill here and drill now. Whatever we find will have two positive benefits. One, it will help delay the inevitable time when we cannot meet demand, and two, it will be some added insurance against supply interruptions as a result of future conflict. I don't see the pay less part being a significant factor because of the worldwide demand.
Whatever we do will help buy time to develop viable alternatives, but let's be clear about one thing: Drill Here, Drill Now, is in no way an alternative to developing renewable fuels. It is a delaying tactic to help us make the massive transition to a new kind of transportation infrastructure.
Drill Here, Drill Now is a necessary evil. It's a finger in the dike. What is most important is that no matter what we discover, there is no alternative to developing the renewable alternative sources.
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