National Average Price of Gasoline Hits an All-Time High

#654
#654
OHvol40 said:
That you’re taking it up the *** to subsidize oil companies.
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You can only reach that conclusion if you believe the current price of gasoline at retail is linearly correlated to the current price per barrel. And even if that were true, you’d be drawing a very big conclusion from two data points at two points in time.

Now it could be the right conclusion - though you couldn’t reach it analytically from the information he provided. Why didn’t he provide a plot of retail gas prices versus price per barrel through time, where you spot lags or deviations from the linear relationship he has implied?

I think I know. His post was meant to get attention and rile people up.
 
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#657
#657
85SugarVol said:
I don’t think there’s anything wrong with asking questions about subsidies.
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If anything, let’s start subsidizing new nuclear. Sick of oil. Sick of OPEC, sick of CO2 emissions, sick of of volatile markets, sick of the whole thing. I know nuclear has its own challenges, but it’s gotta be better than constantly being held hostage by our reliance on oil.
 
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#659
#659
McDad said:
What is your definition of a subsidy?
What subsidies are the oil companies getting?
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Well, I think there are different ways to categorize subsidies, but the easiest way is to consider explicit subsidies (tax breaks, financial incentives, R&D grants) and implicit subsidies (relaxed environmental standards, diminished accountability for collateral damage). The industry receives plenty of both.
 
#660
#660
OHvol40 said:
Well, I think there are different ways to categorize subsidies, but the easiest way is to consider explicit subsidies (tax breaks, financial incentives, R&D grants) and implicit subsidies (relaxed environmental standards, diminished accountability for collateral damage). The industry receives plenty of both.
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Ok.
 
#661
#661
OHvol40 said:
If anything, let’s start subsidizing new nuclear. Sick of oil. Sick of OPEC, sick of CO2 emissions, sick of of volatile markets, sick of the whole thing. I know nuclear has its own challenges, but it’s gotta be better than constantly being held hostage by our reliance on oil.
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I’d love to see new investment in nuclear. It’s clean, and we have the capability to safely operate it.

I would prefer a robust menu of viable energy solutions. Where we as a nation could pick and choose the most desirable for the application at hand.
 
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#662
#662
High oil prices, oil stocks rising rapidly...I can't imagine why all the oil companies don't run out and spend billions on new rigs to drive the price down...

Biden is in office , Rs say it's his fault, Ds say you can't blame the President.

Bush was in office and had highest inflation adjusted price ever. Rs blamed evil energy traders for running the price up, Ds said Bush was somehow "helping his oil buddies"

I wonder who independents and libertarians blame.
 
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#667
#667
lawgator1 said:
Gotcha, BUT if we were not dependent on fossil fuels like we are wouldn't that be a good thing for national security long term?
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Banks making good investments, no that does not harm our national security because it does nothing for the overall demand. You're falsely assuming banks not giving loans to oil will magically make us less dependent on oil. Banks divesting/defunding fossil fuels however does harm our national security by making us reliant on foreign countries (Germany is a great example of this).

The US is the largest producer of oil, Canada is one of the top producers of oil, we need to uncuff the market. Instead of that, the left (congress specifically) is openly calling for us to end all drilling on Federal lands during the middle of this crisis.

It's detached from reality.
 
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#668
#668
lawgator1 said:
Gotcha, BUT if we were not dependent on fossil fuels like we are wouldn't that be a good thing for national security long term?
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We have ample supply of fossil fuels right here though. We need not sacrifice national security to capitalize on that.

Oil, Nuclear, Solar, Wind, Water, Electric

We need it all - so as not to be overly dependent on a single source.
 
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#669
#669
lawgator1 said:
Gotcha, BUT if we were not dependent on fossil fuels like we are wouldn't that be a good thing for national security long term?
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I'll add this.

The other aspect you're completely missing here is "what makes our nation secure"? The biggest answer is wealth. It's the answer to the majority of questions about what makes our nation great. Why do we have great health care, long lives, strong national security, and the ability to even care about the environment? Many on the left are bad to knock the importance of economics, but there's nothing we care about that isn't ultimately related to economics.

If you want national security, you want a wealthier nation. If you want less carbon emissions you want a wealthier nation. If you want better healthcare, you want a wealthier nation.

This is lost in people like yourself who share memes saying "I'll gladly pay more for x". When you limit the wealth of our nation, you limit our ability to respond to all of those issues. Poor countries are not secure. Poor countries have terrible health care systems. Poor countries have far more important things to care about (food, shelter, security) than their environment.

The left is bad to pick optics over economics and it harms our nation as a whole.
 
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#671
#671
85SugarVol said:
We have ample supply of fossil fuels right here though. We need not sacrifice national security to capitalize on that.

Oil, Nuclear, Solar, Wind, Water, Electric

We need it all - so as not to be overly dependent on a single source.
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We flare off (waste) more natural gas in a day than we actually use. There is no logical reason we are not converting to a NG and nuclear society.
 
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#672
#672
hog88 said:
We flare off (waste) more natural gas in a day than we actually use. There is no logical reason we are not converting to a NG and nuclear society.
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We’re probably going to still keep putting oil in our vehicles for a long while.

But yea, let’s get Nuke & NG up where we can and balance out all those Coal fired plants.
 
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#675
#675
LittleVol said:
It can be both....
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Only if you believe they magically became more greedy this year than the previous.

If not then you have to accept greed is a constant. So the question becomes how do you blame variation on a constant? The answer is you can’t
 
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