Capitalism versus socialism
Comments
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The answer is always ABUNDANCE.WestlinnDuck said:
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.
PIIHB
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Given the connection between the two during the drilling process, arent pretty much all oil companies also in the natural gas business?2001400ex said: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. -
Generally.SFGbob said:
Given the connection between the two during the drilling process, arent pretty much all oil companies also in the natural gas business?2001400ex said: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.
Just depends on the infrastructure available to carry the gas to market. In lots of places, the gas is just flared off and burned.
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No. But I'd expect you to think that. Why else don't we really have natural gas cars here while other countries have them all over?SFGbob said:
Given the connection between the two during the drilling process, arent pretty much all oil companies also in the natural gas business?2001400ex said: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. -
I can’t think of any reason why an oil company that is also in the NG business wouldn’t allow NG to be used as an alternative
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FYI UW already built this prototype and is building a larger scale one and/or putting funds together last I read.
UW fusion reactor concept could be cheaper than coal
I think I will probably live to see fossil fuels no longer be the dominant industry in the energy market but that's only one market of many that oil is an input for. -
The margin on NG is tiny.SFGbob said:I can’t think of any reason why an oil company that is also in the NG business wouldn’t allow NG to be used as an alternative
There was a phase back in 2010 where NG was around $11/mcf but it has hovered between $2 and $4.50/mcf for the last 7 years or so.
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Because they can't control delivery. That's handled by utility companies. I've already stated that.SFGbob said:I can’t think of any reason why an oil company that is also in the NG business wouldn’t allow NG to be used as an alternative
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I'm hearing that supply and demand forces would cause the price to increase if there were several million CNG cars on the road.PurpleThrobber said:
The margin on NG is tiny.SFGbob said:I can’t think of any reason why an oil company that is also in the NG business wouldn’t allow NG to be used as an alternative
There was a phase back in 2010 where NG was around $11/mcf but it has hovered between $2 and $4.50/mcf for the last 7 years or so. -
More than anything while people think that the energy and oil markets are a set of oligopolies they really aren't.PurpleThrobber said:
The margin on NG is tiny.SFGbob said:I can’t think of any reason why an oil company that is also in the NG business wouldn’t allow NG to be used as an alternative
There was a phase back in 2010 where NG was around $11/mcf but it has hovered between $2 and $4.50/mcf for the last 7 years or so.
It's a fabrication of the Left and a mythos from the days of Standard Oil to think there's some kind of cabal capable of controlling the market like that.
