FirstTimeFord
Well-known member
Facts... "The truth depends on, and is only arrived at by, interpretation of the facts." G.K. ChestertonWhat delays?
Why be resistant to data? Facts are facts, right?
FWIW, a little understood economic factoid: if petroleum supply exceeds demand by a certain threshold, the oil companies stop drilling because the ROI on each marginal barrel is net negative. It’s a result of the economics of (increasingly expensive) drilling. So “drill baby drill” may turn out to backfire pretty dramatically.
I strongly agree with you that consumers should have the choice.
as for auto stop/stsrt, Nearly every ICE-only vehicle I’ve rented lately has a dashboard switch to turn ASS on or off.
O&G... $/bbl has gone from negative to over $100 in less than two years. That’s the market doing its thing. Pump too much, prices tank, ROI goes red, rigs get stacked, supply tightens, prices climb again. Rinse and repeat! ROI is the factor that keeps everything in check. When returns turn negative, capital walks away. In reality, tech keeps pushing the cost curve down, so oil and gas will stay economically recoverable for decades to come. Grew up in TX, I've seen real-time how the "economics" work. The 80's were a blast for the kids, but hard times for folks in the patch. Plenty folded; it was rough. The good news, we haven't had to implement odd/even license plate availability for gasoline lines since. Perhaps, as long as we're sending F-35s into the Middle East, OPEC will play nice
Sponsored