High Oil Prices Can Help the Environment

Project Syndicate ^ | Oct 25, 2021 | JEFFREY FRANKEL

[artichokegrower]

Prices of fossil fuels increased sharply in October. European prices for natural gas hit a record peak. Prices for thermal coal in China have also reached all-time highs. The price of US crude oil is above $80 a barrel, its highest level in seven years, prompting US President Joe Biden’s administration in August to call on OPEC and other major oil-exporting countries to increase production.

[artichokegrower]

As the northern winter draws closer, surging fossil-fuel prices have left many consumers worried. But there may be a silver lining in the form of more aggressive US efforts to tackle climate change – provided the political will for such measures exists.

You all consider the environmental benefit as you freeze in the dark.

[fruser1]

It’s also why car costs go out of control, thanks to the eco nazi regs, etc.. Though more recent and immediate increases there are more per the ol supply/demand, thanks to the commies freaking everyone out over covid.

[unixfox]

When oil was $140.00 a barrel I don’t seem to recall any “environmental change” because people started consuming less.

What I did hear was, Nazi Pelosi complaining about the evil oil companies gouging the American people.

FJB!

[BuffaloJack]

I don’t care about the environment. It has been fine for millions of years and will continue to be fine.

[mikelets456]

++++High Oil Prices Can Help the Environment++++

Getting rid of Marxists and lying environmentalists will help the environment!

[Hojczyk]

It is all BS....CO2 has no effect...the planet is not warming ...it has been hotter and colder...I think the planet was supposed to end in 2006

[bert]

Exxon et al should do America a great service and simply cease selling gasoline and diesel in California.

The oil companies are hated in that coalition of City States and they should just leave.

“No soup for you!”

[coloradan]

Banning all technology, industrialization, and civilization can help the environment.

[Army Air Corps]

I guess that mass unemployment can also Hep da Erf.

[DJ MacWoW]

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[Bon of Babble]

Gasoline prices continue to be high in California - due to legislation, regulation and taxation.

1,000 years of tree rings show droughts, some lasting 100 years, are the normal state of the environment - NOT wet years.

As usual, dumb voters - often the ones who complain the most bitterly about high gas prices - will continue to vote for the likes of Gavin Newsom.

[The Antiyuppie]

“High Oil Prices Can Help the Environment”

And if we lose a few people along the way, that’s just a side benefit.

[markomalley]

If they want to fix the environment, they can start here:

(captured 8:38 PM 10/26/21)

Until that, I just figure more Watermelon ecology (green on the outside, red on the inside)

[brownsfan]

Leftists fear climate change, and welcome higher fuel prices. In their feeble minds, they see the high price of energy as a punishment to the well off. They aren’t bright enough to realize how much it will hurt them, but it will hurt them.

The political class doesn’t really care, they’ll do well no matter what happens. We have allowed progressives to be in control, and this is what we get. Some progressives are actually true believers, meaning they fear climate change, and will sacrifice you and me to help them fight climate change.

[The Antiyuppie]

I’m sure that this person will be well-insulated from these unpleasant effects as a Hahvahd professor.

[Seruzawa]

Let’s go Jeffrey Fankel.

[Erik Latranyi]

Here is my response:

You would think that people who are smart enough to tell us what the weather will be 50 years from now would have solutions that do not destroy the present and force the poor and elderly to die or lose their homes.

[Openurmind]

If no one can afford to go to the store to get groceries, it will cut down on all those stinky trucks on the road and tractors in the fields needed to deliver food. Priorities are important...

[RckyRaCoCo]

[Presbyterian Reporter]

“””Jeffrey Frankel, Professor of Capital Formation and Growth at Harvard University, previously served as a member of President Bill Clinton’s Council of Economic Advisers. He is a research associate at the US National Bureau of Economic Research.”””

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So according to the learned professor of capital formation and growth, the solution for the USA and Europe is to tax the hell out of fossil fuels and move all factories to China so China can buy all the fossil fuels they need to manufacture stuff for the rest of the world.

You betcha, that will save the planet. Centralize air and water pollution to the Asian Continent. What could possibly go wrong with such a great idea from such a learned professor???????