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An open letter to President Bush
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Posted on Aug 04 2005
Days before the Iraq war, I was highly apprehensive of its negative impact on world economic order. Now that Iraq is on its path to democracy I am very much elated.
But at present something is bothersome, that is the surging oil prices. Constant increase in world population and economic development will always mean unabated demand for more oil. At the rate the price of oil is soaring, maybe in less than three year $100 a barrel is not impossible. But can the world economic cushion such a price without any hitches, or will that mean a major threat to economic security?
Mr. President, there is a way to bring down oil to about $30 a barrel. But this needs a concerted effort among all oil-consuming nations of the world.
There is a small gadget that reduces vehicle energy consumption by 50 percent and it helps dispose clean engine exhaust. This item is already being exported to some countries in small quantities from the Philippines. All oil-consuming nations can franchise and utilize the said product. Savings of about 10- to 15 million barrels of oil everyday can be achieved. Instead of oil reaching $100 a barrel, the price of oil can be forced down to about $30 a barrel. Middle East oil exporters who export less than 30 million barrels of oil a day will find it hard to defend the prevailing price.
In less than 30 years, oil will just be used as LUBRICANT. A car can already run with water, also, a gas stove can burn with water as fuel. This is good news for the young and future generations who will run out of oil some years from now. By the way, a “water car” may be a lot cheaper than a “hydrogen car” under development. G-8 countries can franchise said invention from its inventor in the Philippines and expedite its development including to that of power generation. The expeditious development of water as an energy source, will discard oil, coal and nuclear energy, and that will relieve us of hazardous waste and carbon dioxide – the major source of global warming.
Again, we appeal to the G-8 countries that have the financial and technological capabilities to take a look at these solutions and start working together to avert these forthcoming disasters.
Fer David
Saipan
