Reply to $7/gallon gas is coming

Forum Index » Political Discussion

Reply to "$7/gallon gas is coming"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Every member of this administration is incompetent.

[twitter]https://twitter.com/jason_howerton/status/1537214216989552641[/twitter][/quote]

You posted this yesterday and it didn't get any traction then, either. What, exactly, is incoherent about wanting to ease short-term supply issues while still trying to wean ourselves off of fossil fuels?[/quote]

The incoherence is that there are only “long term” solutions to “short term” supply issues.  New investment in oil production and and refining are done on 30 to 50 year time horizon. If you want a company to invest in projects that have a 30 to 50 year return profile but you want those projects to be out of business inside of ten years you really have to alter the economics in favor of the oil/refining company or else it would be irrational for the oil/refining company to invest in additional production/capacity.

Would you build a sky rise that you knew you wanted to tear down in five years?[/quote]

Sounds like a good reason for nationalization under the auspices of national security: this is a market failure.[/quote]

Nationalization will almost certainly make shortages worse in the short to medium term. But go ahead and try it.

Failure to deliver long term investment into a product that government officials and material portions of the population don’t want to exist long term is the exact opposite of a market failure. [/quote]

Oh please.  As if the oil and gas industry did a great job with their long term investments.  They could have been leading the charge where it comes to building a sustainable energy sector.  They could have put the billions spent on climate denial, fighting MPG standards and other things toward any number of more productive and forward looking investments.  But they didn't.  They failed us all.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics