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Might As Well Face It.  We're Addicted to Oil ♫
E-COnnections                                                    July, 2008 - Vol 3, Issue 3
In This Issue
Might As Well Face It.
Did You Know . . .
Kick the Habit!
On POINT
Join Our Mailing List!
 
Forward to a Friend
Quick Links
NRDC Action Center
Sign Petition  - Tell Congress
No Off-Shore Drilling


What Is Peak Oil?
Go On a Low Carbon Diet!

About Us
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High Price at the Pump



















Greetings!
With gasoline prices at $4.00 per gallon or more and the price of crude oil still hovering at unprecedented levels, U.S. consumers are desperately searching for causes and expecting quick, institutional relief. But while high oil prices are indeed inflicting broad economic pain, politically attractive quick fixes will only prolong and exacerbate the dual problems of our dependency on a diminishing resource and increasing emissions of greenhouse gases. 
Might As Well Face It.  We're Addicted to Oil ♫
A Quick Fix?
Touted as a way to reduce gasoline prices, President Bush recently lifted the executive ban on offshore gas and oil drilling put in place by his father, George H.W. Bush. Congressional leaders as diverse as John McCain and Dick Durbin also are raising the prospect of ending the 20-year legislative moratorium on off-shore drilling as a way of getting more oil onto the market.  Meanwhile, Speaker of the House, Nancy Pelosi, recently called on President Bush to release oil from the Strategic Petroleum Reserve in hopes of reducing gasoline prices.
 
Denial . . . The Blame Game
Some critics blame high gasoline prices on speculators, those who buy or sell options on future oil contracts. Others say oil producers and big oil companies are manipulating prices and reaping huge profits. Still others say it is a combination of many factors including the weak dollar and credit crunch.  Feeling the growing anger and frustration of their voting constituents, political leaders have been rushing to conduct hearings and pass legislation to provide short-term relief from the crisis. 

Underlying the frantic scramble to find scapegoats and short-term answers to rising fuel prices lies a fundamental reluctance to seriously confront the social, environmental and economic dangers of our dependence on fossil fuels, and to accept the probability that we entering a new era - one where an ever-increasing demand and competition for oil is eclipsing our ability to produce it. Such is the mindset of the addict.

Accepting Our New Reality
"Business as usual" will continue to bring rich rewards to a relative few who have access to and interest in the remaining supplies of petroleum.  But for those who look beyond short-term profits for investor's and consider the health and survival of future generations, the specter of a rapidly-changing climate and an oil-addicted economy demand that we move as quickly as possible away from fossil fuels.  The longer we delude ourselves that we can continue to live beyond the bounds of sustainability, the more severe will be the social, economic and environmental consequences. 

It's time for a change!  Let's accept the reality that we can no longer rely on oil as a primary source of energy, and begin to turn our attention to alternative sources such as wind, solar and geothermal that are clean, abundant and life-giving.  We can do this.
Did You Know . . . 
 ▪ Global oil production has leveled off to about 85 million barrels per day.  The U.S. Energy Information Service estimates that world demand for oilwill increase to 117 million barrels per day by 2030.

▪ The U.S. Strategic Petroleum Reserve has a maximum capacity of 770 million barrels of oil.  With a U.S. demand of 12 million barrels of oil per day, that is equivalent to a 58-day supply.
 
▪ The Energy Information Agency (EIA) projects that allowing off-shore drilling would have no impact in the near-term, since it will be close to a decade before the first oil can be extracted from the currently protected offshore areas.
 
▪ An increasing number of experts believe that liquid petroleum production will peak at between 85 and 95 million barrels per day before 2012 and then decline.
 
▪ If Congress had continued to increase fuel efficiency standards over the last 22 years, the U.S. would currently have more than 16 times the savings in oil consumption than current proposals to drill in offshore areas promise in the next 20 years.
Kick the Habit!   Reducing Your Use of Oil Beyond the Gas Tank
Oil Drums Everyone realizes petroleum products are used to power our cars and in the heating oil some of us use to keep our houses warm.  But did you also know petroleum-based components are in most everything else we use, including the medicines we take, the food we eat, the plastics that we depend on in all kinds of products we use, and even in the clothes we wear?  And, did you know that nearly 10% of oil consumed in the U.S. is used to make plastics, and another 17% or more is used for food production? 

This week, make a list of some of the products you use that contain petroleum. Then, make a companion list of what alternatives you have to those products.  Finally, identify steps you and your household can take to reduce your dependence on oil. 
 
Read the Long Fingers of Petroleum, a short, fun article at EnergyBulletin.net to get you started!
ON POINT - Articles for You to Read
Matt SimmonsMatt Simmons on Oil Prices (CNBC Video)
With Matt Simmons, CEO and Energy Investment Banker
'Unfortunately we are not having a wake-up call, we are having a witch hunt for who got us here".

End of Petroleum Age
by Michael Klare
"It is the beginning of the end of the Petroleum Age".

Offshore Drilling and EnergyConservation
The Relative Impact on Gas Prices
by Dean Baker and Nichole Szeembrot
If Congress had continued to increase fuel efficiency standards over the last 22 years, we would have more than 16 times the savings in oil consumption than current proposals to drill in offshore areas promise in 20 years.

Interagency Task Force on Commodity Markets
Interim Report on Crude Oil
The Task Force's preliminary analysis to date does not support the proposition that speculative activity has systematically driven changes in oil prices.

Eco-Justice Collaborative links our lifestyles to diminishing resources, pollution, global climate change and global poverty and resource wars. This information is not intended to make us all feel guilty, but rather to raise consciousness and provide incentives to find ways to live that are more sustainable, giving back life to our precious earth and all who inhabit it.
 
Visit our website for recommended actions for change that both individually and collectively will reduce our impact - or ecological footprint - on our world, and move our country toward just, sustainable living for all.

Sincerely,
 
Pam and Lan Richart
Eco-Justice Collaborataive