When is everybody going to realize that it is all about oil companies greed . We can produce enough oil,if not why are we one of the top countries that export oil. Gas was cheap during the height of the pandemic because there was nobody on the road. After that prices sky rocket so that they can regain their losses . Make share holders happy.Then they level off the price and now raise up again. Complete con game by the oil companies that the consumers have very little control of.
Pandering to your Base
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We are producing more, but it's not enough to meet demand. So it is a problem.
So are you saying that EV companies aren't greedy? Solar companies aren't greedy? Windmill manufacturers aren't greedy? All of their shareholders don't want to be "happy"? They all play in the same pool, so to just make oil companies the bogey man is just plain silly.
That's just not true though. We are a net exporter of petroleum products. We more than meet our own demand.
Oil companies are not the boogeyman for making money.
But there is a disconnect about why gasoline prices are high right now, and it has nothing to do with US oil production.
But it takes coal and other energy sources to produce electricity. They set a record for coal consumption last year.
https://www.reuters.com/markets/com...growth-energy-coal-use-since-2011-2022-02-28/
Everyone cares about the environment, however politics and agendas. France has taken many of their nuclear plants off line due to public pressure.
So are the costs of all the other energy sources not overpriced? Why the focus only on oil companies?
Right. They still have many parts of their county that are developing and have a lot of energy needs.
They will use whatever they need to to produce more.
Doesn't mean we should ignore that they have made massive investments in renewable energy.
Because you brought up the price of gasoline.
I never said we should ignore. I want us to deploy a strategy that makes sense for the public good…not because something is the new shiny thing and demonizing other sources.
I brought up the cost of all energy sources.
Right... I was not talking to you. I was responding a different post when they said that China does not care about the environment. It's just not an accurate representation of what they have done in the last 10-15 years in that industry. They made a goal by 2025 to get 1/3 of their electricity from renewables and they are going to surpass that.
They are leading in the industry because they understand the long game.
We are too shortsighted and worry about "demonizing" other sources.
No. You are the one who changed the topic to gas prices.
I’m not demonizing China nor am I holding them up as a standard we should follow. We are shortsighted. I’ve been very clear on that.
You’re being selective. I also raised the issue of other forms of energy.
I'm just making a point on gas prices and how the BS about pipe line will solve the problem .
He knows that. He understands that oil companies take advantages situations to drive up their profits. Even said so here 11 years ago when the prices were increasing because of the unrest in the middle east.
But now, he buys into the talking points that it is US production that is the problem driving up prices.. mhm... ok...
Being a net exporter doesn't mean you are meeting demand necessarily. It only means you're exporting more than you're importing. An example on a most basic level would be we export 100 barrels and import 90. That's a net exporter, but it obviously doesn't meet demand if demand is more than that.
What HALL85 is saying is demand is higher than what we in America put out. Doesn't really have anything to do with exporting. We should be using more of that product in our own country to meet domestic demand and drive down prices.
That doesn't make sense.
If there is a demand of 1,000, you import 90 and export 100 - That means you produced 1,010 and your production exceeds demand.
That is what it means to be a net exporter.
I understand what he is saying. He is just wrong.
We could produce all of the gasoline we needed here without importing any at all.
That would increase the price of gas in the united states, it would not not reduce the price.
Take ride down the GSP massive cars all over the road. Lots of folks want bigger cars and really don’t care. The politicians themselves don’t want to change.
Take ride down the GSP massive cars all over the road. Lots of folks want bigger cars and really don’t care. The politicians themselves don’t want to change.
If that’s what you or I want to do, then we have the freedom to do so. I choose to drive a fuel efficient vehicle because it’s economical and better for the environment than a gas guzzler…you do you. The government shouldn’t force us to buy one over the other.
But we are part of a global economy. Why wouldn’t we want to produce as much oil as we can to meet our domestic demand and export as much as we can? Better for our Konomi, and more jobs. If you call that “wrong”, I don’t wanna be right.
You say like that we aren’t exporting more than we ever have and are on track to produce more than we ever have…
Hard to follow when you keep changing your point.
First it was that we need to produce more because gas prices are too high (not true) then it was that we’re not producing enough to meet demand (not true) now it’s we should be producing to meet our domestic and export demands (we are)
No one here is advocating abandoning oil right now. Just supporting that we invest in building out an energy infrastructure that is less reliant on burning fossil fuels for the future.
I agree but if you are buying a big SUV or any gas guzzler don't complain about gas prices
The problem is yours…I’ve said multiple times we need a long term strategy, not knee jerk politicized policies that pick winners and losers.
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