Reply to $7/gallon gas is coming

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Gas leases available or being cancelled today do nothing for gas prices today.

The main issue is that Saudi Arabia is siding with the Russians against the US and the west.

Period.[/quote]

THIS. Supply is politically constrained by Saudis/OPEC and then the Russian embargo. U.S. producers are still not back to pre-COVID capacity, but they are re-opening. Some are slow-walking it on purpose.

The issue as I see it is that the transition from fossils to green will be slow and take decades. Fossil industry will have a difficult time justifying 20-30 year investments when they know more and more will be invested in green tech and EVs. What we have is a market failure that will require the federal government to step-in and coordinate sufficient supply and investment for national security reasons. [/quote]

Yep.

I guess I shouldn't be surprised given that 74 million people voted for Trump, but I'm constantly amazed at the sheer number of people who are operating under the assumption that presidents can control gas prices and inflation using knobs on their desk.

Simpletons have simplistic worldviews, I guess.[/quote]

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