Has the energy bubble really popped? With the reduction in oil prices, what is next?

Question

This week we see the largest drop in oil prices ever; are they really going to do something about our dependency on oil? Can we get back to regular work and life? What will become of the shift in wealth? Can we discuss this?

Answer 1

The prices wont come down, if anything with the recession they,ll be hiked up again, and it wont stop there either, its the same all over, Ireland, Uk,  xx

Answer 2

It seems the oil prices will continue to drop and the gasoline prices are doing the same. It may be only a current situation. Right now it looks the oil  peak has been reached. Let us hope the price of oil will not go up. This will only harm the oil speculators who purchased barrels of oil to make a profit when the price of oil went up.

Answer 3

This might just be another break before another record high, so don't say anything until prices fall to $80/barrel.

Answer 4

When John F. Kennedy challenged America to put a man on the moon in 10 years, many called it impossible.

Now, Al Gore has given a major speech with another visionary call:

"Today I challenge our nation to commit to producing 100 percent of our electricity from renewable energy and truly clean carbon-free sources within 10 years."

This is huge. For someone with as much stature and credibility as Vice President Gore to embrace a goal this big and ambitious could be game-changing. But first, you've got to see it for yourself. Click here to watch the video:

Click here

Can't you just imagine the media ignoring Al Gore's message? If we pass this along to our friends and family, we'll make sure people hear about this, so our next president will accept the challenge.

We all know high gas prices and our economic downturn is related to climate change and the war in Iraq, but no one is connecting the dots. Until now.

Here's a key bit from Gore's speech:

Like a lot of people, it seems to me that all these problems are bigger than any of the solutions that have thus far been proposed for them, and that's been worrying me...

Yet when we look at all three of these seemingly intractable challenges at the same time, we can see the common thread running through them, deeply ironic in its simplicity:  our dangerous over-reliance on carbon-based fuels is at the core of all three of these challenges—the economic, environmental and national security crises.

We're borrowing money from China to buy oil from the Persian Gulf to burn it in ways that destroy the planet. Every bit of that's got to change...

But if we grab hold of that common thread and pull it hard, all of these complex problems begin to unravel and we will find that we're holding the answer to all of them right in our hand.

The answer is to end our reliance on carbon-based fuels.

Can we really get all our electricity from sources like solar and wind in 10 short years?

Scientists have confirmed that enough solar energy falls on the surface of the earth every 40 minutes to meet 100 percent of the entire world's energy needs for a full year. Tapping just a small portion of this solar energy could provide all of the electricity America uses.

And enough wind power blows through the Midwest corridor every day to also meet 100 percent of US electricity demand.

And of course, all this means more good jobs to re-power our economy:

When we send money to foreign countries to buy nearly 70 percent of the oil we use every day, they build new skyscrapers and we lose jobs. When we spend that money building solar arrays and windmills, we build competitive industries and gain jobs here at home.

With all the political posturing on high gas prices and drilling, it's amazing to hear someone being so honest:

It is only a truly dysfunctional system that would buy into the perverse logic that the short-term answer to high gasoline prices is drilling for more oil ten years from now.

Am I the only one who finds it strange that our government so often adopts a so-called solution that has absolutely nothing to do with the problem it is supposed to address? When people rightly complain about higher gasoline prices, we propose to give more money to the oil companies and pretend that they're going to bring gasoline prices down. It will do nothing of the sort, and everyone knows it...

However, there actually is one extremely effective way to bring the costs of driving a car way down within a few short years. The way to bring gas prices down is to end our dependence on oil and use the renewable sources that can give us the equivalent of $1 per gallon gasoline.

It's truly a remarkable speech. Be sure to see it for yourself:

http://www.moveon.org/r?r=3945&id=13269-...

There's lots to do to make sure our elected leaders and candidates at all levels accept Gore's challenge, but the first step is making sure your friends and family hear about it. Forward this email to 5 friends today.

Thanks for all you do.

–Noah, Karin, Wes, Justin and the rest of the team

P.S. If you want to join Al Gore's campaign, We Can Solve it, click here:

http://www.wecansolveit.org/

Want to support our work? We're entirely funded by our 3.2 million members—no corporate contributions, no big checks from CEOs. And our tiny staff ensures that small contributions go a long way. Chip in here.

PAID FOR BY MOVEON.ORG POLITICAL ACTION, http://pol.moveon.org/. Not authorized by any candidate or candidate's committee. This email was sent

Answer 5

We can discuss it till the cows come home, but I bet you the prices won't come down to match.

Answer 6

if oil prices have dropped how come fuel prices havent ???