“The beauty of daylight-saving time is that it just makes everyone feel sunnier,” said Edward Markey, D-Massachusetts, about the extension of daylight savings time included in the new energy bill passed by congress on Friday. The bill will extend daylight savings time by four weeks all together. It will begin three weeks earlier, on the second Sunday in March, and last one week longer, ending on the first Sunday in November. “Kids across the nation will soon rejoice,” said Fred Upton, R-Michigan, referring to the extra hour of daylight that kids will enjoy on Halloween.[1]
Surely the 1,724-page bill wasn’t created to let everyone enjoy an extra hour of sunlight for 4 extra weeks, or more accurately enjoy 4 extra weeks of a one hour shift in standard operating time. However, the daylight savings time shift is probably going to be the only thing you hear about the bill, because it’s the only thing that is going to effect the average American. “An energy bill wouldn’t change the price at the pump today. I know that and you know that,” said Bush during a speech to the U.S. Hispanic Chamber of Commerce. He went on to say “What I’m talking about is making sure that we leave our children and grandchildren a cleaner, healthier and more secure America … that is less dependent on sources of energy from overseas.”[2] But does this bill really help reduce our dependency on foreign oil? “As long as we’re consuming 21 million barrels (a day) and we’re only producing 8 million, we’re going to be importing oil,” said Joe Barton, R-Texas, author of much of the bill. [1]
The bill does call for more domestic onshore and offshore oil production, but it’s very short sited. The United States reached it’s peak oil production in the early 1970’s, as predicted in 1956 by Dr. M. King Hubbert of the United States Geological Survey (USGS). In April 2000 the USGS confirmed Hubbert’s research when they released the results of “the most thorough and methodologically modern assessment of world crude oil and natural gas resources ever attempted,” says the Energy Information Administration (EIA, http://www.eia.doe.gov/). Inspired by the USGS, the EIA decided to conduct the first Federal analysis of long term world oil supply since Dr. Hubbert’s in 1974. Like the USGS and Dr. Hubbert before them, the EIA reached the same conclusion regarding domestic oil production. A slide from their July 2000 presentation of their study shows this peak.[3]
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