For me it is a cost benefit thing.. either we drill like mad to keep our drug habit going with oil, or we find alternatives and slowly ween ourselves off the drug called oil. By investing billions in finding oil, we not only promote a continuing oil consumption, but we also "piss in our pants" .. as we have not invested in alternatives to take over when oil runs out.
Now that aint saying we should not drill for oil at all, nor not exploit this find. My worry is that governments and especially the American, will bow to petro industry pressure and limit investment in alternative energy while move that money into more oil searching.
The oil companies are in the energy business. They're the folks that are going to be the leaders in alternative energy. The problem, is that alternative energy isn't practicle.
Also tax the crap out of fossil fuels and use the revenue to offset income taxes on the middle class.
Well this is a rather shortsighted view of the problem and solution.
What do you think would happen to consumer goods if you "tax the crap out of fossil fuels"
Matthew 10:34Think not that I am come to send peace on earth: I came not to send peace, but a sword.
Once again, the government is a sickness masquerading as its own cure.