Will war fast-track the energy transition?

So your plan is to nationalize US oil? Otherwise how are you going to stop US oil companies exporting oil to higher paying countries?

 

This is total nonsense. There is NO indication that the world market for oil is so dependant on enemy states that we can not buy oil. And, I'd point out that the only way that oil purchases wouldn't be made is if the US government banned those purchases that US consumers of oil want to make.

And, I would point out that Republicans called for the response that Biden has had wrt Ukraine and oil.

NOW you want to blame Biden!!

Your whole rant is a partisan political screed and no more.

 

Junk they couldn't sell last year? Ship 'em to the U.S. and palm 'em off as test models from 2021? Knock off enough to mover 'em out, too bad for the poor saps that buy them. Maybe an accountant told them what they could get from the insurance if.........

 

We can produce enough oil for ourselves and some extra to export.

 

We don't have to

We don't have to buy oil from anyone. That's the point. We can be totally self sufficient if not for democrats returning us to the Jimmy Carter years.

 

If private oil companies can sell oil abroad at a higher price they will unless you are saying that the government will stop them. If there is a shortage in the rest of the world then prices will increase there. Are you in favour of the government forcing these companies to sell to the US at a lower price?

 

Again, that's just not how it works.

We both export and import oil.

We would still export and import oil if we produced more.

 

Could be a good idea to invest some of your money in green-tech sector.

 

We would buy and sell oil on the world market regardless of how much we produce.

The USA does not buy oil through our government. What we export and import is up to the many companies that buy and sell oil - free market enterprise.

Let's remember that there are many grades of oil. Those in the USA who buy oil from local and foreign producers are specific about what kind of oil they want. It's not an issue of a single volume of oil.


Most importantly, please remember that oil price is set by the world wide market.

So, regardless of what we produce, spikes in price such as we see today WILL affect the price of oil in the USA.

It is NOT an issue of how much we produce. If a US based producer can get more for their oil by selling abroad, that is what they will do. And, if some importer can find oil for a cheaper price from Canada or Saudi Arabia or wherever, that is what they will do. And, if the government tries to stop that by putting restrictions on trade, that will RAISE the cost of oil in the USA. That's how free market enterprise works.

 

Not likely to be honest. Alternative energies are largely uncontrollable and modern grids need their loads balanced between supply and demand. Germany in particular has struggled with this and has been scaling back their renewables.