Posted on 05/18/2022 6:57:47 AM PDT by blam
It is going to be learning the hard way for many people in terms of how these enviro whacko policies are such veritable disasters when put into practice. Hopefully that will be the good (if any) that comes out of all of this. I know, I am inviting all sorts of people here to shout at me for suggesting that sort of a thing.
I have heard that before. Always, later, prices came down.
You may be correct and we get the “Goldilocks” outcome—just bad enough to get people’s attention and not bad enough to cause a Worldwide Depression.
We will know soon enough...
So the high prices are due to a limited supply of finished product caused by refinery capacity instead of high crude prices?
Or is it future price rationing that is expected?
If so, will refinery margins be greatly increased?
Most likely.
Once they know people will pay it and their profits take off, they will never back down and lower the price.
but under Trump we were drowning in Oil
What a STUPID headline. Why post such stupidity that just demoralizes for no reason?
Trump gets elected in 2024, U.S become energy independent, supply matches demand, prices go down.
Exactly.
Xiden also isn’t long for this world.
Think how much better pResident Kamala will do!
Prediction: people aren’t going to switch en masse to EV’s. Most, the vast majority will more easily give up discretionary spending.
Me: spend (borrow) $50K for an EV or not spend money on entertainment and vacation? Easy choice.
The author of the article , like most fools, has all sorts of facts but does not know what to do with them.
We had no shortages in petroleum products in the last months of President Trump’s presidency.
Gee, I wonder if that is a clue?
Trump promoted drilling, relaxation of the regulations on leasing and a host of other differences with the Biden approach to energy, much too many to list here but already known.
All that is needed to resolve the energy crisis, as well as most of the other problems, is to immediately reverse every decision made by the Biden administration.
A recession in the US is inevitable; it will lead to layoffs and business closings and climax with a bursting of the real estate bubble followed by a banking crisis and a credit crunch.
The idea demand will not go down is nonsense.
People are limiting and will continue to limit their driving due to the rising cost of fuel.
That’s how I see it. While there many valid points in this article, suggesting high prices are here forever is like saying the stock market will only go up. Should Trump get back in in 2024 then the correct market policies will be enacted and oil and fuel supplies will even out.
I believe the agenda is to deliberately strangle oil production for purposes including forcing a leftist green agenda.
Because anyone who would post this line:
“◾It is looking increasingly likely that the only cure for these high prices would be a recession, a cure that could be as bad as the disease.”
Is a troll for BIG government. Only BIG government can solve the problem.
The opposite of the real solution.
I agree with you.
When people suffer the most is when they learn the lessons.
And everyone EXCEPT, the elites are going to learn the hard way.
Lets see how well these people do when they cant afford groceries and travel expenses.
Rig counts are up again. At $100+/barrel drillers have an incentive to make a profit they would not have made two years ago.
As Nathan Johnson said in the movie “The Jerk”:
“Oh, it’s a PROFIT deal”.
Welcome to Europe, Obama’s dream.
Don’t Socialist Democrats use fuel? Buy homes? Shop for groceries? Buy clothes for their kids?
How do they NOT know that oil makes the world go round? Why do they keep voting for Socialist Democrats who do nothing but make their sad lives more miserable?
Granted, the alternative isn’t anything to write home about, but I’ll never understand the disconnect.
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