Tear Em Asunder

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JoninAZ

Joined: 08/28/2014 Posts: 1103
Likes: 2226


Your logic is flawed


We've never been energy-independent. Oil is a globally traded commodity and the U.S. is a free market. If someone in Europe wants to buy Texas crude, they can move it cross-border. We have produced more than we consume, briefly, but domestic production is expensive and only rises when gas prices rise.

The U.S. converts 49% of oil into gasoline. A further 29% becomes diesel. So 80% of all our imported and produced oil goes to transportation. Meanwhile every major automotive company in the world is eliminating fossil fuel-powered cars and trucks in the next 10-15 years. If you are Shell or Exxon, etc, - are you gonna be spending a shitload to build new offshore rigs and other major investments when your product will become significantly less valuable in a decade?

If you want to see the USA not import any more oil then the best way is to support alternative energies. And by the way, US Oil producers get $20 Billion in subsidies from everyone on this board.

(In response to this post by ParkerRamsFan)

Posted: 05/12/2022 at 3:41PM



+6

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Current Thread:
 
  
Good read...not fact checked...but very believable -- babybull 05/12/2022 1:22PM
  “Not fact checked.” -- H.I. McDunnough 05/13/2022 08:17AM
  Your logic is flawed -- JoninAZ 05/12/2022 3:41PM
  One word.... -- le alpe d huez 05/12/2022 1:27PM
  Cast iron. ** -- TD Elvis 05/12/2022 2:39PM

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