General Discussion

Hugin

(36,613 posts)

31. It could backfire on them...

Mon Sep 18, 2023, 01:02 PM

Sep 2023

In the’70s there was little thought of alternatives and it was widely known that the solution was to open up the spigots again.

Now, not so much, there’s the specter of climate change hanging in the background and other massive changes in the economic landscape that have occurred since.

I have read repeatedly that alternatives totally excluding fossil fuels become economically attractive and feasible at around $4.00/gallon. (in the US) Also, that the big money has already left oil for the most part.

So, the one-note oiligarchs playing from their dusty playbook may finally kill the golden goose. It could produce the opposite of a recession and instead open up a renaissance of alternatives driven by powerhouses that are beyond tired of coddling unreliable sources.

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Watch The Price Of Oil [View all] gab13by13 Sep 2023 OP

With friends like MBS, who needs enemies? dutch777 Sep 2023 #1

Yeah, it is a list of bad options. TheRealNorth Sep 2023 #23

If we relied on green energy, we wouldn't be held hostage by these bad actors Walleye Sep 2023 #2

It would also help if 'Merica wasn't addicted to large SUV's Ferrets are Cool Sep 2023 #3

Need to impose a $1000 per year SUV tax MichMan Sep 2023 #6

While I agree, it would be a sure fire way to lose the next election. Ferrets are Cool Sep 2023 #15

This message was self-deleted by its author elocs Sep 2023 #13

If ifs and ands were pots and pans there be no need for tinkers Walleye Sep 2023 #18

This message was self-deleted by its author elocs Sep 2023 #32

Mom was from the Eastern Shore of Virginia, which she called the little end of nowhere, so probably Walleye Sep 2023 #33

But the President shook his hand! orthoclad Sep 2023 #4

I feel certain you're right. n/t Mister Ed Sep 2023 #5

Yet our econ gurus will fail to say that. GreenWave Sep 2023 #7

Magats will blame President Biden for gab13by13 Sep 2023 #8

Already NowISeetheLight Sep 2023 #9

They hear it on fox, they believe it is true. Ferrets are Cool Sep 2023 #16

They have no idea how the international oil market work Walleye Sep 2023 #19

Same with many of the conspiracy theory mongers in this thread. tritsofme Sep 2023 #27

We are becoming a country of too much information and too little knowledge Walleye Sep 2023 #29

I really believe that is their plan. Along with 150 house rehugs. (Domestic terrorists that is) bluestarone Sep 2023 #10

On the flip side, Beachnutt Sep 2023 #11

Until Republicans tax the shit out of EV's..... TheRealNorth Sep 2023 #21

Actually Texas is already charging more to register an ev Beachnutt Sep 2023 #34

Road funds depend on gas taxes now, so Captain Zero Sep 2023 #35

A certain amount might be fair.... TheRealNorth Sep 2023 #37

Stop, or at least slow down our trade multigraincracker Sep 2023 #12

Won't work. Gas prices will not be relevant Roc2020 Sep 2023 #14

You're kidding right? This is 'Merica. Gas prices would win every time. Ferrets are Cool Sep 2023 #17

It just won't be gas prices.... TheRealNorth Sep 2023 #24

A global recession would cause oil prices to crater. How is that in Saudi Arabia's interest? tritsofme Sep 2023 #20

If they make huge profits from $6 a gallon gas..... TheRealNorth Sep 2023 #22

Biden would get blamed for it InstantGratification Sep 2023 #26

Fiends Kid Berwyn Sep 2023 #25

And every price fluctuation is an opportunity for those in the know.... TheRealNorth Sep 2023 #28

"The best way to predict the future is to make it happen." -- US Army saying Kid Berwyn Sep 2023 #30

It could backfire on them... Hugin Sep 2023 #31

Or the US could keep it's own oil within our borders... Chakaconcarne Sep 2023 #36