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Capitalism versus socialism
WestlinnDuck
Member Posts: 17,898 
in Tug Tavern
Someone once said, “Drill baby, drill. Someone once said, “We can’t drill our way to lower energy prices”. One was a very smart politician and the other was an economic moron. For all you leftards that don’t do capitalism – there is a real world economic laboratory out there and this thing called history.
https://pjmedia.com/instapundit/
BUT ALL THE BEST PEOPLE* TOLD ME THAT WE COULDN’T DRILL OUR WAY TO ENERGY EFFICIENCY: North Dakota Is Producing As Much Oil As The Entire Country Of Venezuela.
Comments
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When oil drops below $60 a barrel. What happens to oil production in North Dakota? Axen for a fren.
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The lower limit is about $35 a barrel now. It's almost like economic cycles in a free market provide downward pressure on costs from suppliers...2001400ex said:When oil drops below $60 a barrel. What happens to oil production in North Dakota? Axen for a fren.
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Oil is fine until about $50 - then it’s kind of a shit show for drillers and service companies.2001400ex said:When oil drops below $60 a barrel. What happens to oil production in North Dakota? Axen for a fren.
It’s about $40 as the shit show point for the producers. -
Damn you. Ten minutes smarter.UW_Doog_Bot said:
The lower limit is about $35 a barrel now. It's almost like economic cycles in a free market provide downward pressure on costs from suppliers...2001400ex said:When oil drops below $60 a barrel. What happens to oil production in North Dakota? Axen for a fren.
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That's great, but who gives a shit in the long run if we don't find an alternative for oil.
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In the long run we are all dead.oregonblitzkrieg said:That's great, but who gives a shit in the long run if we don't find an alternative for oil.
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I’m just scared about when we run out of oil in 2014 like all the predictions say
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Finding an oil alternative = putting the Middle East back in the Stone Age where they belong. Where they want to be.
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Natural gas should be there as an alternative. But the oil companies won't allow it. Imagine retrofitting every house for a connection to your car.
Then develop some actual renewable resource in the mean time.
And to the OP. When a large percentage of the market is speculators. Oil prices don't necessarily follow normal supply and demand principles. -
Like he said, in the long-term we are all dead. We have lots of natural gas. The world has lots of uranium. We have lots of coal. The Germans by 1945 were running their war machine on gas from coal. Eventually, we will figure out fusion. Our only limits is the limits that government puts on the private capitalistic sector. Which was the point of my post. Leaving our national energy policy up to the government “experts” gets us ethanol in our gasoline and government road blocks to fracking and the exportation of LNG.
