Peter Brown wrote: ↑Fri Mar 04, 2022 12:33 pm
MDlaxfan76 wrote: ↑Fri Mar 04, 2022 12:22 pm
Peter Brown wrote: ↑Fri Mar 04, 2022 12:06 pm
a fan wrote: ↑Thu Mar 03, 2022 9:05 pm
Pete still thinks presidents control gas prices.
Neat-o.
You and your like will get what you deserve.
Can you explain why Joe shut down the Kesytone XL pipeline?
hmmm, why would you post this, after this exact bs has been so thoroughly discussed and refuted as having any impact on US prices?
Oh yeah, boo Biden. Go R's.
I've previously said that I think building Keystone, perhaps with modifications, would be in the United States' strategic interest, and so would support finding a way to ensure as much easy access to Canadian reserves as we can... but it has bupkus to do with US oil prices this past year or this one or next year. Most likely will never have an impact on US prices. But strategically it would provide additional potential resiliency.
But the big picture, long term, is alternatives, not oil and gas.
It has been ‘refuted’ only in your partisan mind.
But interestingly, you’re so quick to suggest that cancelling Keystone has no impact on pricing (even though it would not have taken a year more to complete), yet you then advocate for alternative energy sources, which will take decades to complete and absolutely have no near term impact on energy prices…
Meanwhile, why does Joe Biden refuse to acknowledge Tesla, an American company which has done more for alternative energy than all other companies in the United States combined?
https://www.smh.com.au/business/compani ... 59tdl.html
Union cash > anything
And you want us to clap for this clown?
nope, this has been refuted thoroughly. You've tried to make the claim that the rise in prices this past year was due to the decision to not build Keystone. Totally BS.
We've had a worldwide crash in demand, forcing marginal producers to cap wells and stop exploration. Many went bankrupt. We're now in the midst of a massive spike in demand, enabling open well producers to charge radically escalating prices that will only moderate when either demand reduces or production increases with wells uncapped, etc. Huge increase in profit margins.
And we're now also in a highly speculative environment in which one major source of energy may actually get cut off from world markets. It's not the oil/gas that
we buy from Russia that matters, it's that IF we do sanction their industry or alternatively they cut off pumping, the world markets will need time to adapt. Having Iran still constricted doesn't give the world that outlet, and the Saudis haven't been any real help yet...but producers are definitely uncapping wells and investing in exploration again. But it takes time. Meanwhile, speculators have bid up prices and the producing countries love it.
If you want to argue that the decision re Keystone might effect some future prices in the US, it would at least be in the realm of plausible...except that oil and gas prices are global markets, not reducible because our neighbor Canada distributes it through the US to the global market rather than off its own shores. Either way those resources will get to the global market.
But if you really want energy to be less expensive, we need alternatives to be lower cost than pumping oil and gas. The more that we do that the less profit taking the oil producers will enjoy, though it will still have a place in our overall energy system and oil producers will still earn profits...but less than they are right now...at least until alternatives can take over entirely...and that's going to take awhile.
As to Tesla, great story, a-hole CEO. That simple.
Brilliant, but an a-hole who became a partisan political player.
But love the innovation.
I couldn't care less what a paper in Australia has to say about a non-story.