RV Fuel Issues & Prices - Post 'Em Here!
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Forum Discussion
If we 'drill now drill here' then we get to wait until 2030 (according to the Energy Information Administration in the DOE) to see if it contributes significantly to global oil. Too bad that the IEA says that the effect on prices will be negligible.
Too bad. People will be disappointed after waiting 20 years, then digging that $150,000 motor coach out of the weeds in the backyard, only to find that gas went up anyway and now costs $20/gallon.
How did this sad state come to pass?
100 years ago the USA controlled world oil because we were the biggest producers of oil in the world. American kerosene replaced whale oil in lamps around the world. Petrol replaced alcohol and other volatiles. Because oil products were cheaper. And the USA controlled the supply.
50 years ago we started to import oil and we financed all the foreign oil producers. We gave away the production control, but retained market control by being the biggest consumer of oil, so we could make the market dance to our tune.
But now we are rapidly losing market control as other consumers dominate the market (can you say C-h-i-n-a?). Soon, prices will be entirely set by those foreign entities. No matter WHAT we do we will not affect market prices, and we will have lost sovereignty over our own oil fields (if we try to sequester US oil then the WTO will declare us outlaws and send in troops from China to Set Us Right, just as they do in Tibet).
Oil is "fungible", and as long as markets are open to global trade they are all interchangeable. So, yes, a barrel of oil produced in the USA will go into the global pool, from which the USA draws about 1/3. Not a good deal. especially since the oil companies are 55% foreign owned (thanks to our generosity over the past 50 years) so the profits leave the country. A few American slaves will be employed to do the dirty work at the wells and on the (foreign registered) oil tankers.
When, in past centuries, western countries did that we called it "colonialism".
Why would it be any different? What could possibly persuade a person to continue on this degenerative course? What oil strategy will produce a good outcome for the USA and it's citizens, such as me and thee?
Too bad. People will be disappointed after waiting 20 years, then digging that $150,000 motor coach out of the weeds in the backyard, only to find that gas went up anyway and now costs $20/gallon.
How did this sad state come to pass?
100 years ago the USA controlled world oil because we were the biggest producers of oil in the world. American kerosene replaced whale oil in lamps around the world. Petrol replaced alcohol and other volatiles. Because oil products were cheaper. And the USA controlled the supply.
50 years ago we started to import oil and we financed all the foreign oil producers. We gave away the production control, but retained market control by being the biggest consumer of oil, so we could make the market dance to our tune.
But now we are rapidly losing market control as other consumers dominate the market (can you say C-h-i-n-a?). Soon, prices will be entirely set by those foreign entities. No matter WHAT we do we will not affect market prices, and we will have lost sovereignty over our own oil fields (if we try to sequester US oil then the WTO will declare us outlaws and send in troops from China to Set Us Right, just as they do in Tibet).
Oil is "fungible", and as long as markets are open to global trade they are all interchangeable. So, yes, a barrel of oil produced in the USA will go into the global pool, from which the USA draws about 1/3. Not a good deal. especially since the oil companies are 55% foreign owned (thanks to our generosity over the past 50 years) so the profits leave the country. A few American slaves will be employed to do the dirty work at the wells and on the (foreign registered) oil tankers.
When, in past centuries, western countries did that we called it "colonialism".
Why would it be any different? What could possibly persuade a person to continue on this degenerative course? What oil strategy will produce a good outcome for the USA and it's citizens, such as me and thee?
