30 Mar '12, 4pm
Drumbeat: March 30, 2012
Posted by Leanan on March 30, 2012 - 12:43pm There Will Be Oil—and That’s the Problem I have the cover story this week in the dead-tree/living table TIME, on the future of oil. Gas prices have dominated the political conversation for weeks—at least until the Supreme Court started its health care hearings—and with the summer driving season just around the corner, the national obsession won’t be lift any time soon. Republicans and Democrats, oil executives and environmentalists have seized the opportunity to take potshots at each other, with one side claiming that more drilling will greatly ease the pain at the pump, and the other side arguing that energy efficiency and alternative energy are the only solutions. (I lean toward the latter.) The reason gas prices are so high, of course, is because oil itself is expensive, with Brent crude over $125 barrel. And that’s largely b...