...unless higher oil prices force us to change our energy consumption system in a way that benefits us all in the long run... |
You’re talking about a decades long transition that we aren’t close to being ready to complete or even seriously start. As the price of oil goes up EVERYTHING else will increase in price, including the cost of the energy transition you’re talking about. Where do you think the diesel energy you need to extract and transport minerals for the energy transition come from? Yes, we’ll have to do in the long term. But screw this up in the short run and you’ll see a wave of populism across the whole planet that will make you wish for the good old days of Trump. |
Sure, and if prices stay the same or low then the transition will never get underway. We've seen oil shocks and crises for at least half a century and we've barely made any effort to do something about it. It's not even the politicians' fault, because it's people like you who've lost their minds at the cost of upgrading from an oil-based system. So now here we are, with Russia owning 60% of the gas to Europe and we wonder why we don't have leverage. Look in the mirror and get tough. |
Or maybe no effort has been made because it is not yet technically feasible. Even if what you describe is correct in the USA how do you explain countries like Germany that have tried to transition yet find themselves in worse shape a decade into their efforts? The bottom line is that an energy transition will lower the standard of living for folks unless you’re willing to go nuclear. Until transition advocates start supporting de growth in mass, this is going to be a gigantic mess. |
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Oil at over $100/barrel today.
Dow futures are plunging. Things are going to get worse. |
| How convenient!! Russia wants 10 dollars a gallon gas!! Liberals also want 10 dollar a gallon gas!! They both win!! |
Ya, that's generally what happens during a european war
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Looks like the frackers are back in business. |
You are being a little convenient with your dissection of the issue. Global fuel prices are pegged to demand. When we make more, and are more self reliant, we have more ability to manipulate fuel prices or internally supplement. Biden cut production via canceling the pipeline and future leases. He then asked OPEC to lower the price of fuel. They said no so he tapped our emergency reserve. And this was all before Russia invaded Ukraine. Russia already supplies Europe with tons of oil and approximately 20% of our oil comes from Russia too. Biden made colossal blunders cutting off our current and future production and lifting sanctions on Russia 8 months ago. We are going to bear that fruit in higher fuel prices. And Teslas don’t help. Our food and other essentials are primarily shipped by Truck. Yes even your food from Whole Foods comes by Truck. So all prices will sky rocket. Biden is just criminally stupid. |
Ok city rat. The technology isn’t there yet. There aren’t hybrid or electric trucks that can perform the way we need them to. All the new trucks coming on the market for the weekend warriors only have a range of 100 miles when they are actually loaded up. Sorry— but facts matter and in a lot of this country, people drive 100 all the time and they can’t wait a day for their truck to refuel. Nope. Tech isn’t there yet for our consumer truck market or vans or for our shipping trucks. You need to get out of your condo, stop reading the New Yorker and interact with the real world. Or, we can all starve while our food rots in fields and factories because the electro trucks ran out of power along the highway. It all makes sense that Biden won. Our country is filled with absolute imbecile like you. |
You are mjssing the part where Biden negotiated Qatar supply Europe instead of russia. Of course futures are rising. That is what happens during war and uncertainty. This is why the world, and particularly the US needs to move away from fossil fuels. W, Obaa and Biden understood this. Trump moved us in the wrong direction. It needs to happen pronto. Decisions like DeJoy is pushing with the USPS are counter to national security. |
lol what? What does Tesla have to do with this? Or is that just what you say when you mean electric vehicles? I think electric cars are the future but it's pretty irrelevant in this conversation about short term fuel prices. Also, I'm not a fan of Musk. He's a Republican/Libertarian. I hope he moves to Mars. |
Republicans are bullies. See how they never can discuss anything without calling names? If you can’t afford to live on rural land 100 miles from the nearest grocery that is really not any problem that the US government should solve. Move closer to a city if you can’t afford fuel. We have electric cars right now and the only reason that there are not more is because auto companies are slow walking the technology so that they can wring every last penny from ICE engines first. Blame them and people who voted against higher mandated fuel efficiency…Republicans. |
. The Tesla comment was directed at the commenter who keeps trying to say this is all a good thing because it will push the US toward electric cars. I’m fairly sure you knew that. Electric vehicles aren’t there yet. So people can be pushed and prodded all day long but in the end, we still need trucks that actually drive long haul distances. We aren’t there yet. |
| Liberals want 10 dollars a gallon gas. Russia wants 10 dollars a gallon gas. WIN WIN!!! |