And then you have idiots like John Hofmeister, an ex-president of Shell, who campaigns for cheap oil. He's just an oil industry front. He's been blustering on the US news a lot - apparently the accident was the fault of the public as we didn't allow the industry to drill in shallow water, and John gave the example that he had to spend $300m to get permission to drill in Alaska. He has an idiotic not-for-profit Citizens for Affordable Energy, funded by whom I wonder.
Monday, June 14, 2010
Fossil fuel is just too cheap
When the price of oil went up in 2008 the industrialized fishing fleets came home and the fish stocks had a chance to recover - at least a little. Just a tiny breathing space. But it shows that oil is too cheap. Read more on the subject of oil being too cheap.