Bounty66 t1_iwnxm5v wrote
Keep US oil for the US while we work to transition to better energy sources.
Nope! Sell all the crap on the international markets! Drive up prices everywhere with gouging and artificial scarcity! Investor bros love that shiz!
munchi333 t1_iwo5g6y wrote
How exactly does additional supply in the international market drive up prices?
whodatbeson t1_iwq69ai wrote
He said it wrong but we produce a hell of a lot more now than we consume. So if they really wanted to they would just ban exports on oil like pre 2016. Gas prices would sink but no one in the oil industry wants that
Xyrus2000 t1_iwoqzw5 wrote
Oil, like every other commodity, is traded on international markets and gets sold to the highest bidder. There is no way to "keep US oil for the US" short of the US government nationalizing the oil industry and forcing the cessation of exports.
The repercussions of such an action would be economically catastrophic. If you think prices are high now, wait until all of our trade partners jack prices through the roof as a result of a massive oil spike due to the US ceasing exports. It will drive already desperate countries to make concessions to places like Russia and Iran. It would not be pretty.
The US does not exist in a vacuum. Taking drastic unilateral action without seriously examining the consequences is not wise.
Mountain_Fig_9253 t1_iwp4k1j wrote
Fun fact, it used to be illegal to export oil from the US up until 2015. The repeal of the Crude Oil Export ban was the negotiating point that republicans used to re-open the government closure they had started.
dalkon t1_iwq3i0d wrote
The US banned oil exports from 1975 until December 2015. When Obama promised to veto the bill to approve exports, Republicans added it to appropriations bill. https://ballotpedia.org/Crude_oil_export_ban
This should be Democrats' talking point about high gas prices, because that is the reason our gas prices got so much higher.
Mountain_Fig_9253 t1_iwqqfxp wrote
It doesn’t matter. Every time I explain this to a conservative they just scream fake news. They can’t wrap their heads around the idea that Republicans actually shut the government down for this specific issue.
VikingBorealis t1_iwp92sd wrote
Yet people keep saying you need to appease Saudi and sell them weapons and help them null Yemeni so you can afford to buy their oil or the US will collapse...
bareboneschicken t1_iwo5ipr wrote
Those who export energy, import money. Best to get that money while we can.
Roguecurv t1_iwocblb wrote
Best who get that money while they can? It ain't you and I playboy.
breaditbans t1_iwpsfn4 wrote
It is if you own any stock in the major oil producers. They pay some of the highest dividends of all equities. If have a pension or most 401k plans, you probably own some of these companies
Roguecurv t1_iwq1tpz wrote
And your pensions and 401ks are in the dirt while groceries are up 20%.
tickleMyBigPoop t1_iwp3wp5 wrote
$50,000-$70,000, depending on where you work, a year starting pay fresh out of high school.
Find me another job that pays that much fresh out of high school
BoneyDanza t1_iwsiwg8 wrote
Do you mind doing solar installation? I worked 9 months and made 45k. That was after working in kitchens for 10 years with zero degree and I was 30. If you are 19 and you can lift or move, 50k is attainable after a few years.
If you want to make GOOD money, just learn everything about one industry. research the tools, methods, materials, where Jim puts his wrench, when the supervisor takes a smoke break, learn ALL of it. I worked under a guy at bookface that started as a tech with no degree. Within 5 years he was a 6 figure manager.
bareboneschicken t1_iwon2mq wrote
Better than it going to OPEC+. If American oil production was high enough, we could have forced a real embargo on Russian oil.
Milopbx t1_iwonrbt wrote
Who is “we”?
myklob t1_iwonlbh wrote
We don't need to cut off the supply. We need to cut off demand. It is ridiculous all the people who drive cars that use gas say we should stop producing oil. The production by those evil oil and gas companies isn't the problem. You have met the enemy. The enemy is ourselves. The enemy is looking at us in the mirror. Buildings produce more global warming than transportation. Do you work or live in a building? Cows and agriculture produce more global warming than transportation. Europe, Africa, and South America all need energy. People may starve. It's not a joke. It's not a time for everyone to share their feelings and thoughts who have never thought about it and had to deal with how the world is instead of just how they wish the world were. People in Pakistan have no energy because they are getting priced out of the markets because of the Russia/Ukraine situation. And you demand that we cut off the supply, without thinking about the consequences, because voters that use oil and gas in their cars and homes are hypocrites, and demand that politicians live in a make-believe world, in which food just magically appears because spoiled western hypocrites think tractors can operate on dreams and fairy dust. Is it better that poor Asians, Africans, and South Americans get 100% of their energy from Russia, Saudi Arabia, or the US? OPEC is run like a diamond monopoly, and they artificially raise the prices, kill gays, and objectify and dominate women. Why don't we tax THE USE OF OIL AND GAS, not the production? Shouldn't we demand to know that people who say we should not produce oil and gas put their lives where their mouths are and prove to us that they do not live in houses or use transportation? Or explain why it is better for South America to get oil and gas from Russia than us?
bareboneschicken t1_iwoo4us wrote
There are taxes on consumption. People pay at the pump. Are those taxes high enough? Perhaps not but you'll look long and hard before you find a politician with the will to raise them.
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