Anybody happen to notice gas prices lately !!!

Shift Inhibit

He who laughs last didn't get it.
He would like to but he can't seem to locate the Texas senators.
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Supersoaker

Proud Republican Against Trump (RAT)
in economics they call this an "externality"

should make you question the efficiency of this system if so many things are inaccurately priced
True that. The free market is not good at externalities. That's one of the things we need government for.

Need? Government?

I'll bet half of you just got the vapors.
 

PT Car Washer

Well-Known Member
No. High energy prices are good. It makes you use green energy. Any economic slowdown as a result of high energy prices is a bonus! Less equals saving Earth!
Higher oil prices also promote more drilling and exploration in this country. All of the easy and cheap oil has already been discovered. Also promotes more alternative energy discoveries and an economic upturn.
 

vantexan

Well-Known Member
Higher oil prices also promote more drilling and exploration in this country. All of the easy and cheap oil has already been discovered. Also promotes more alternative energy discoveries and an economic upturn.
Hey chief, most of the oil produced in this country in the last decade is from fracking. Fracking is used to get at oil that couldn't be reached by previous technology. Much of that oil is under Federal land out west. If you greatly reduce the area that can be explored and drilled then you produce less. Less supply and high demand mean higher prices. And dependence on foreign oil to meet the demand. Biden's executive order means more jobs overseas, less here.
 

Babagounj

Strength through joy
OPEC has not increased their daily supply to match demand.

Here comes the 70's again.

Maybe Biden will re-do Cash For Clunkers.
I might be willing to give up my 19 yr old Highlander, which still runs great, for a Prius.
 

PT Car Washer

Well-Known Member
Hey chief, most of the oil produced in this country in the last decade is from fracking. Fracking is used to get at oil that couldn't be reached by previous technology. Much of that oil is under Federal land out west. If you greatly reduce the area that can be explored and drilled then you produce less. Less supply and high demand mean higher prices. And dependence on foreign oil to meet the demand. Biden's executive order means more jobs overseas, less here.
Only 11% of fracking is on Federal land.
 
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