gounion wrote: ↑Wed Dec 28, 2022 4:17 pm
Umm-hummm.
Okay, this is your logic. You want complete, full-bore oil production at the largest capacity possible.
Well, what that would mean is that we would have a glut on oil production, which would drop the price of oil through the floor. Hey, I'd love to see the price of gas at fifty cents a gallon again, or better yet, 19 cents, which is what I remember from my childhood.
But you don't understand reality. It's oil companies producing the oil. They require a profit (though you may not realize this). You know, when oil production became a thing, in the 1860's and 1870's, you could scratch the ground and oil would come out (an exaggeration, but not by much). It was quite cheap to produce. But now, all those wells are dry, and you have to go deeper and through tougher circumstances to get to the oil. I mean, do you think it's cheap to run offshore rigs?
Now, it's still pretty damned cheap in Saudi Arabia to drill, they've got a lot more oil readily accessible than we do. But much of our oil is hard to get at, so it's a lot more expensive to produce and refine for market. So the Saudis can always undercut us, because their oil is cheaper to bring to market than ours is.
And the oil companies DO NOT WANT A GLUT. They don't WANT cheap gas. They want to make big profits.
So tell me, why would they want to produce at 100% capacity? They don't! They WANT you paying north of $3 a gallon, more like $4 or $5.
But I think they're killing their selves. The higher oil is, the faster people will buy electric cars. They are in trouble in the long run. That's why they are wanting to make as much money as they can until then.
And in the long run, that's a good thing, because we don't WANT to run all the oil reserves dry, because we need oil for many different things. Here's just a small list:
Solvents, Bearing Grease, Ink, Floor Wax, Ballpoint Pens, Football Cleats, Upholstery, Sweaters, Boats, Insecticides, Bicycle Tires, Sports Car Bodies, Nail Polish, Fishing lures, Dresses, Tires, Golf Bags, Perfumes, Cassettes, Dishwasher parts, Tool Boxes, Shoe Polish, Motorcycle Helmets, Caulking, Petroleum Jelly, Transparent Tape, CD Players, Faucet Washers, Antiseptics, Food Preservatives, Basketballs, Soap, Vitamin Capsules, Antihistamines, Purses, Shoes, Dashboards, Cortisone, Deodorant, Putty, Dyes, Panty Hose, Refrigerant, Percolators, Life Jackets, Rubbing Alcohol, Linings, Skis, Electrician’s Tape, Tool Racks, Car Battery Cases, Epoxy, Paint, Mops, Slacks, Insect Repellent, Oil Filters, Umbrellas, Yarn, Fertilizers, Hair Coloring, Roofing, Toilet Seats, Fishing Rods, Lipstick, Denture Adhesive, Linoleum, Ice Cube Trays, Synthetic Rubber, Speakers, Plastic Wood, Electric Blankets, Glycerin, Tennis Rackets, Rubber Cement, Fishing Boots, Dice, Nylon Rope, Candles, Trash Bags, House Paint, Water Pipes, Hand Lotion, Roller Skates, Surf Boards, Shampoo, Wheels, Paint Rollers, Shower Curtains, Guitar Strings, Luggage, Aspirin, Safety Glasses, Antifreeze, Football Helmets, Awnings, Eyeglasses, Clothes, Toothbrushes, Ice Chests, Footballs, Combs, CD’s & DVD’s, Paint Brushes, Detergents, Vaporizers, Balloons, Sun Glasses, Tents, Heart Valves, Crayons, Parachutes, Telephones, Enamel, Pillows, Dishes, Cameras, Anesthetics, Artificial Turf, Artificial limbs, Bandages, Dentures, Model Cars, Folding Doors, Hair Curlers, Cold cream, Movie film, Contact lenses, Drinking Cups, Fan Belts, Shaving Cream, Ammonia, Refrigerators, Golf Balls, Toothpaste
Now, for humanity, don't you think we should find a way to stop just setting this valuable resource aflame? Shouldn't we put money into finding a better power source, and save the oil for these products for much longer?
