Killtron2000 said:
we have alot of oil shale that can be exracted for 30 dollars a barrel. Infact we have 1.2 out of the 1.6 trillion barrels of oil shale in the world estimated by the navy.
Article about Oil Shale, and how it's not very viable:
Experts doubt oil shale answer to energy crisis
Personally, I think the only 'true' answer is to stop using fossil fuels for things such as everyday travel - ie transportation. Some industries need it; aviation certainly is one, industrial is another (plastics, etc.), but using gas to drive around town isn't too smart when electric vehicles could fit that nitch.
I read that if every single pax car in the US could be run on electricity, the US would use less than 12 million bbl of oil per day, which is less than what we extract on our own. We'd be completely independent. Now, we'd have to charge those cars, but generating electricity can come from other sources instead of oil burning power plans - ie coal, nuclear, 'green energy', etc.
A typical charge for an electric car costs anywhere from $0.25 to $0.40, and that'll get you (depending on the model) 40 miles or so. If these were being mass produced, according to a Popular Mechanics article cars could get 100-120 miles, so we're talking 50 miles each way - enough distance for most commuters. Even at $1.20 for 120 miles of travel - that's dirt cheap. Imagine the economy jump this would provide?!?
If I had any investment happy friends, I'd get together the captial and start making street legal electric cars. As gas prices head into the $4/gal range (and up), I'd bet we'd sell a ton!