How much will inflation and record gas prices cost the average American family in 2022?

Discussion in 'Current Events' started by sec, Mar 8, 2022.

  1. Josh77

    Josh77 Well-Known Member Past Donor

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    They're not. They are our own fault for continuing to use a destructive energy source that is becoming more rare and energy intensive to extract every year.We should have seen these issues coming decades ago, but greed kept the party rolling.
     
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  2. gfm7175

    gfm7175 Well-Known Member

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    You just got done implying that they were. Make up your mind.

    Carbon based fuels are not destructive. They work very well.

    Wrong. They are as abundant as they've always been, and they naturally form in the Earth (they are renewable).

    You are using "greed" as a meaningless buzzword... There is no need to switch off of carbon based fuels.
     
  3. Alwayssa

    Alwayssa Well-Known Member

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    That's not what the data shows. Inflation, as a whole, began to rise in July of 2020. BLS confirms that.

    Not denying anything. Meat shortages were happening in 2020, beginning like April in 2020. We began to open up in May 2020 with people starting to go to restaurants, etc. With limited supply and high demand, classical economic theory states that prices will rise, assuming everything else is equal. Should we blame Trump for the shortages becasue of his policies according to your logic?

    How much does the United States control of the earth? Land and Sea? 10% 12%.

    Your argument is circular. Yes, there are plenty of oil throughout the earth. I have doubt that there is oil under the rock in cliffs of the Mariana Tranch. Problem is, that most of that so called oid is unattainable or would be more costly to get out than to sell, given today's prices. You might want to think about that.

    Finally, oil is NOT renewable. Ethenol is, but not oil. Oil, once refined, provides a primary product that can only be used once. Gas, aviation fuel, petro, can only be used once. That is the primary product of oil. Some of the byproducts of oil can be renewed, but it is very costly and not very efficient right now.

    Influence means having an indirect impact on the outcome of any given issue. Again, that is not how things work in the United States, much less in most of the world's economic systems. Even in China, their poliicies have little impact on the inflation they are seeing.
     
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  4. Josh77

    Josh77 Well-Known Member Past Donor

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    The methods of extraction are destructive, and are becoming more destructive as the easy to reach oil is depleted.
    No, they are not renewable. It takes tens of millions of years and very specific conditions to form oil. Hell, even BP said we will be completely out of oil by 2067, and that is if we stay at current rates. We are consuming energy at higher and higher rates every year. We'll be lucky if we make it to 2030 or so. And extracting oil is becoming more energy intensive as the easy to reach oil disappears. Energy return on investment was about 25:1 in the 1970s. by 2007 it was down to 10:1. A study published in 2019, "Estimation of global final stage energy-return-on-investment for fossil fuels with comparison to renewable energy sources" concluded that after they are brought to their final stages, ready for consumption, the EROI is down to 6:1 and dropping. Once it gets to 1:1 it will take just as much energy to extract, transport, and refine the oil as we get out of it, making the whole process pointless. The days of fossil fuels are over. We are shooting ourselves in the foot if we do not invest immediately in alternate forms of energy.
     
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  5. Egoboy

    Egoboy Well-Known Member Donor

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    T**** is not responsible for pandemics and tornados... just his lame response to the first...

    Stubbed toes would be on you.... sorry bout that...
     
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  6. gfm7175

    gfm7175 Well-Known Member

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    Nope. It was fine until Biden got into office... Then it skyrocketed. BLS confirms that.

    Idk where you're talking about, but most leftist-run areas didn't relinquish their COVID tyranny until fairly recently.

    Yes.

    He didn't implement any policies that led to any shortages. State Governors and City Mayors did though (mostly Democrat ones).

    Oil is perfectly obtainable.

    Try to follow along... The discussion is about sources of energy. Saying "oil is renewable" within this framework of discussion is saying that oil is a renewable source of energy, as it forms naturally underground.

    Complete and utter nonsense.
     
  7. gfm7175

    gfm7175 Well-Known Member

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    Not really, and especially not really in comparison to lithium extraction methods.

    It is not depleting. What are you even talking about?

    Yes, they are.

    A made-up number.

    ... which occur naturally underground. It is a natural Fischer-Tropsch reaction.

    Made up numbers. We are not going to run out of oil.

    Continued made-up BS... We have never used fossils for fuel... the days of using hydrocarbons for energy are nowhere near over.
     
  8. Josh77

    Josh77 Well-Known Member Past Donor

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    What is your source telling you that oil is endless? Whoever it is, they are lying to you.
     
  9. Josh77

    Josh77 Well-Known Member Past Donor

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    A little wikipedia reading about your Fischer-Tropsch reaction:

    A Fischer–Tropsch-type process has also been suggested to have produced a few of the building blocks of DNA and RNA within asteroids.[45] Similarly, the hypothetical abiogenic petroleum formation requires some naturally occurring FT-like processes.

    Abiogenic petroleum origin is a largely discredited hypothesis which proposes petroleum and natural gas deposits are mostly formed by inorganic means, rather than by the decomposition of organisms. Thomas Gold's deep gas hypothesis states some natural gas deposits were formed out of hydrocarbons deep in the Earth's mantle. Theories explaining the origin of petroleum as abiotic are generally not well accepted by the scientific community, and are rejected by most researchers and scientific theories on the subject.[1]

    Earlier studies of mantle-derived rocks from many places have shown that hydrocarbons from the mantle region can be found widely around the globe. However, the content of such hydrocarbons is in low concentration.[2] While there may be large deposits of abiotic hydrocarbons, globally significant amounts of abiotic hydrocarbons are deemed unlikely.

    https://en.wikipedia.org/wiki/Abiogenic_petroleum_origin
     
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  10. Chrizton

    Chrizton Well-Known Member

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    You shouldn't be allowed into wine country with anything that isn't electric.
     
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  11. Surfer Joe

    Surfer Joe Well-Known Member Past Donor

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    No, this is incredibly dishonest bullshit.
    Take a gander around the rest of the world, bud.
    They are all suffering the same economic problems caused by the pandemic as we are.
    Only a blind partisan would blame the global economic situation on American democratic voters.
    That doesn't say much for their grasp of reality, does it?
    Don't fall for such stupid nonsense.
     
    Last edited: Mar 8, 2022
  12. Junkieturtle

    Junkieturtle Well-Known Member Donor

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    It was Carter that gave you Reagan. Then Reagan gave you Reagan again, and with the help of Dukakis, gifted you a George H. W. Bush on his way out the door. Bush then gave us Clinton. Clinton gave us Bush Jr. The Bush years gave us Obama. Hillary Clinton gave us Trump. Trump gave us Biden.

    It's almost as if we start getting sick of both parties if they stay in the White House too long.
     
  13. sec

    sec Well-Known Member

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    I would like to point out the highlighted portion of this post

    This poster is a Democrat voter. I also believe that experience within the Dreaded private Sector is also lacking. What we see is the position that we see from many Democrat voters. They believe that they know what is best for us and demonize us for the vehicles that we drive and pay for ourselves.

    Can a Prius pull a trailer with landscaping equipment so the folks don't have to mow their own lawns? Can a Volt plow the snow from your driveway?

    The arrogance of Democrat voters is constantly on full display that we've become numb to it. We should again point out every single time a Democrat voter professes that they know what is best for the rest of us
     
  14. sec

    sec Well-Known Member

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    thanks bud

    prior to the Ukraine invasion, were prices at the pump higher or lower than 16 months prior? Were grocery prices higher or lower?

    You need not reply.

    that is the reality. Leftist partisan dung cannot gloss over the reality

    Democrat voters brought this upon the USA.
     
  15. FreshAir

    FreshAir Well-Known Member Past Donor

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    depends how long the covid disruption to the supply chain takes to reverse

    also depends if when the supply issue is resolved if corporations lower prices back down or not
     
  16. FreshAir

    FreshAir Well-Known Member Past Donor

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    you mean when Trump did this in 2020

    "Trump threatens 'very substantial' tariffs on imported oil if Saudi Arabia and Russia can't reach a deal to push prices back up"

    https://www.insider.com/trump-threatens-saudi-arabia-russia-oil-tariffs-2020-4

    now that covid is ending and demand increasing, we sure wish Trump had not done that, voting Republican has consequences
     
    Last edited: Mar 9, 2022
  17. Quantum Nerd

    Quantum Nerd Well-Known Member

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    Hey, I don't mandate you whether you can drive a F150 or not, I just point out that it is a dumb idea, when everyone knows that gas prices can be very volatile.

    And then, there is the landscaper argument. Yes, some professions might need a pickup truck. Guess what, in Europe they have landscapers and plumbers etc too. Yet, the best selling car in Europe is the Renault Clio, Look it up, it might be enlightening. They to lots of professional business there with microvans.

    It can be done, however, many Americans think they are entitled to driving the gas guzzling pickup truck, and that government owes it to them to keep prices for gas low. That's not how it works. If you buy the gas guzzler, you have made your bed, and you have no-one else to blame but yourself if you can't afford to fill it up.
     
    Last edited: Mar 9, 2022
  18. sec

    sec Well-Known Member

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    Again with the assumptions. How is it an entitlement to plop down $50k-$100k for a new pickup truck?

    I encourage you to review the words that you choose and question yourself as to what happened that makes you choose those words, and believe it to be OK?

    I would not question any vehicle or home that you choose to purchase. That is the beauty of liberty and freedom

    Maybe I've just associated with freedom loving folks who understand that our rights end at the tip of our noses and your rights start at the tip of your fist.

    We do not need to be preached to about how many sq feet should be our home or what vehicle we choose to drive.
     
  19. Josh77

    Josh77 Well-Known Member Past Donor

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    get the gas guzzler if you wish, but don’t whine when it gets expensive to operate.
     
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  20. Quantum Nerd

    Quantum Nerd Well-Known Member

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    Freedom, right? As simple as that.

    Well, I would posit that Europeans don't have any less personal freedom than Americans, often they do have more. Yet, they consume roughly about half the energy per capita than the US. The US is 4% of the world population, with 17% of its energy use. Now, imagine Americans would be able to conserve energy to get down to the levels of other advanced countries, all of a sudden the world's energy consumption would go down by 7%. We'd become almost independent of Russian energy.

    So, yes, as a whole, the country seems to feel entitled to its outsized energy footprint. And if someone dares to point it out, then conservatives, like you, react with the typical "stay off my back, I can do whatever I want" nonsense, like the one in your last post. The truth is, nobody can do whatever they want, and since energy supply is not infinite, whatever you do, affects me as well. So, YOUR driving of the gas guzzler raises energy prices for everyone else, even if they drive the Prius. Food for thought.
     
  21. sec

    sec Well-Known Member

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    we in the USA tend not to like living in small high-rise apartments. If we can AFFORD more, then so be it. That is an attraction of the USA. Sure, compare the energy consumption but you will need to get folks to downsize. Also, artificially driving up energy prices through harmful, Democrat policies is an obvious ploy used by Democrat politicians to placate to the green crowd.

    If it's so bad here in the USA, then move to a leftist utopia where govt knows best.

    The arrogance on display is astounding.

    Heck, look at some of the places where professors and admin within academia live. The same "holier than thou" folks who preach to us but it's rules for thee, not for me.

    That is where where Democrat voters and liberty loving folk part ways. We do not profess to know what is best for you nor would we be so arrogant as to attempt to do it. We believe no matter your sex, race or skin color, we all have the same opportunity to fail or succeed and if you succeed, then good for you if you choose a big ole pickup truck.

    Also, you are probably not aware but your comments support the fact that Democrat policies cannot lift up anyone, they can however reduce the quality of life for all. That is what your post supports, drive a Prius, live in a tiny apt etc

    It's amazing that anyone actually supports that with Democrat votes. Where did we as a nation fail you when you were being educated? Were you never taught about American exceptionalism? Why do you think people want to immigrate here?
     
    Last edited: Mar 9, 2022
  22. hawgsalot

    hawgsalot Well-Known Member

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    Brilliant wave the fairy wand and tell us what renewable works with cars!
     
  23. hawgsalot

    hawgsalot Well-Known Member

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    Bottom line every CEO in America is paid to forecast and have answers to fix problems. Biden hasn't done a damn thing but to make the issue worse. Now we're running around begging terrorist countries for oil. Seems like I remember this didn't end to well for us a few decades back.
     
  24. gfm7175

    gfm7175 Well-Known Member

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    You avoided the question.
     
  25. gfm7175

    gfm7175 Well-Known Member

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    I stopped right here. Wikipedia is summarily dismissed. You cannot use Wikipedia as a source with me.
     

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