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Post by throttle on Jul 20, 2024 17:40:54 GMT -5
Well on the Con side, there's the belief by some that use of fossil fuels will push the climate to a tipping point where the Earth will become uninhabitable. That's pretty powerful, if you really believe it. Nevermind that curtailing domestic energy production doesn't affect the world's usage of fossil fuels at all; somewhere else will supply the world's energy needs, at a higher price, and with no concern for the external costs of actual pollution which is a real thing, and we're all still fucked, if you truly believe the global warming shit.
On the Pro side, domestic energy production creates American jobs, lowers the cost of energy and hence everything else, financially hurts the commies and tyrants that we would otherwise be buying oil from, and is way cleaner than Chinese coal fired power plants, which they keep on building no matter what we do.
I'm really interested in what libs think about energy policy. Should we go nuclear? Should we just lower our standard of living and hope the developing world follows our example?
Please explain what your ideal policy would be, and be sure to consider cost/benefit analysis.
This is an opportunity for conversation which could be both interesting and useful, but I'm sure some will try to derail it, or throw out "maga traitor" and "yeah but".. etc.
That's easy enough to ignore though.
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Post by tonyroma on Jul 20, 2024 21:17:35 GMT -5
Well on the Con side, there's the belief by some that use of fossil fuels will push the climate to a tipping point where the Earth will become uninhabitable. That's pretty powerful, if you really believe it. Nevermind that curtailing domestic energy production doesn't affect the world's usage of fossil fuels at all; somewhere else will supply the world's energy needs, at a higher price, and with no concern for the external costs of actual pollution which is a real thing, and we're all still fucked, if you truly believe the global warming shit. On the Pro side, domestic energy production creates American jobs, lowers the cost of energy and hence everything else, financially hurts the commies and tyrants that we would otherwise be buying oil from, and is way cleaner than Chinese coal fired power plants, which they keep on building no matter what we do. I'm really interested in what libs think about energy policy. Should we go nuclear? Should we just lower our standard of living and hope the developing world follows our example? Please explain what your ideal policy would be, and be sure to consider cost/benefit analysis. This is an opportunity for conversation which could be both interesting and useful, but I'm sure some will try to derail it, or throw out "maga traitor" and "yeah but".. etc. That's easy enough to ignore though. lost you at commie tyrant. |
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Post by illinoisfisherman on Jul 20, 2024 21:51:57 GMT -5
We need to harvest our natural resources while developing cleaner energy sources.
Utilizing our resources will reduce prices worldwide while weakening our enemies
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Post by tonyroma on Jul 20, 2024 22:37:07 GMT -5
We need to harvest our natural resources while developing cleaner energy sources. Utilizing our resources will reduce prices worldwide while weakening our enemies We are pulling more juice out of the ground than anytime in recorded history. You speak in talking points. If you drive the price point down on your product you will lose profit margin. If you have a glut of product it will cause you to lay off employees. This isn’t rocket science. |
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Post by illinoisfisherman on Jul 20, 2024 23:33:50 GMT -5
If you increase production while driving prices down there is no need to decrease the work force because we are actually doing more work.
Finally although the profit margin decreases on each barrel the total profit stays the same or increases as there is more profit totally although it is less on each barrel but more barrels produced.
So the profit and employment numbers stay the same or increases while producing more barrels and reducing prices which helps the overall economy and reduces inflation worldwide.
These are not “talking points” only the reality that companies can make more profits while also helping the economy and our country.
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Post by garycoleco on Jul 21, 2024 5:37:11 GMT -5
If anything the fake kung flu epidemic show us was that this country is I'll prepared for taking care of itself. All it takes is one Arab deciding that China is a bigger allly and that's it
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Post by cadman on Jul 21, 2024 5:44:35 GMT -5
Oil is a worldwide commodity. Opec+ controls 40% of the world supply currently. The long-term target price range for oil is $70 a barrel. World economics plays with that price, driving it up and down. Demand from China is a big factor due to their economy and industry size. Demand from the U.S. and Europe are the other two. During strong economies, demand increases usually keeping the prices up. Prices tend to dip when a recession hits or a fear of a downturn lowers demand. Sometimes infighting among OPEC+ countries will cause a sudden increase in production and drive down prices temporarily as it did from 2014 through 2017. But through it all, OPEC+ has bene determined to keep their production levels at a level to keep prices around $70 a barrel.
Biden has outpaced Trump in approving new oil well permits, the U.S. is pumping more oil than any other country currently. U.S. production has increased 18% since Biden took office and the price of oil has not decreased. OPEC+ adjusted their output to ensure the price remained in the target range.
Not sure why you think lower oil prices weaken our enemies. Russia can pump well below $20 a barrel and make money. Iran can pump conventional below $20 and they recently discovered shale reserves they can pump at $25 a barrel. Saudia Arabia, while not an enemy can pump at $10 a barrel.
Low oil prices helps China, North Korea, and many other unfriendly countries by giving them a cheap supply of needed resources. So you may impact some "enemies" but you help other "enemies".
Trump's "drill baby drill" may have a short-term impact on prices as traders react, but it will not impact long-term oil prices. The old standard of supply and demand will take over. Traders will look at current production and inventories to set commodity prices. it takes years from the time the Government sells a lease to when production begins and sometimes those leases do not produce.
As far as new refineries, which was mentioned someplace. Where do we build these? Can we build one in your town? Would Florida residents love to see one in the big bend area or near Orlando? People love to talk about needing new refineries, as long as they arent anywheres near them.
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Post by illinoisfisherman on Jul 21, 2024 7:00:36 GMT -5
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