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Reply to "$7/gallon gas is coming"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][twitter]https://twitter.com/EddieZipperer/status/1577658417807859712[/twitter][/quote] The Keystone Pipeline that would carry tar sands crude from Canada for EXPORT to markets outside the US? Brilliant hot take! [/quote] DP. Oil is a effectively a worldwide commodity. Supplying more the world would reduce demand pressures and lower prices for everyone. [/quote] Alm crude is not the same. And there is excess capacity with Lines 3 and 5, plus rail car. Keystone was critical to making Canadian heavy crude profitable when oil prices were suppressed. Energy policy should be focused on renewables, not subsidizing the petroleum and petrochemical industries. [/quote] Energy policy has been focused on renewables! But despite the fact that many have pointed out that renewables cannot replace fossil fuels without fundamentally altering society, everybody wants to pretend that renewables will replace fossil fuels. [twitter]https://twitter.com/squawkcnbc/status/1576921977754902528?s=21[/twitter] [/quote] I don't think those idiots realize that petroleum is in many everyday products. Basically anything with plastic-which is just about everything, plus ink, asphalt, lubricants, clothing, coametics.... Good f'ing luck on the war on oil. [/quote] Oil is having its own war. There is a finite supply. As such, the sooner the whole world shifts to something else to address the energy demands, the better. That doesn't mean oil use disappears overnight. During the 2020 campaign, Biden said it would be 2050 before the shift is meaningful. The rhetoric now is absurd.[/quote]
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