Whats the Solution to High Energy Prices?

[Moi621]

If you are calling depletion allowances subsidies: How is depreciation of the cost of an oil well any different than depreciation of the cost of a steel mill? Or a semi-truck?

How about Solar Energy businesses

receive a solar depreciation allowance?


Moi

​

 

[Hamish Howl]

Flat-out price controls.

 

[coyote505]

How about Solar Energy businesses

receive a solar depreciation allowance?


Moi

View attachment 67402564​

Do you own the Sun? Or are you talking about your panels?

 

[ALiberalModerate]

Use less energy, innovation, more oil. That simple. You can't just flood the market with oil though. Our oil is very expensive to recover compared to Middle East and Russian oil. Flood the market and you only put U.S. producers out of business.

 

[The Work Outing]

The solution is to grow the 'f' up and stop whining about it.
Jeez...it staggers me how much whining Americans do about gas prices.
Like a bunch of 12 year old's.

The reason for the high prices is obvious to anyone who understands macroeconomics...which most of you obviously do not.

You 'print' an EXCREMENT load of money - as the Fed and federal government did during Covid?
Like $4 trillion each?
Over an extremely, short period of time?

Recent balance sheet trends

The Federal Reserve Board of Governors in Washington DC.

www.federalreserve.gov

Plus, the lockdowns shutdown everything.
And you get inflation.
This falls under the 'well duh' category.

And to those people who keep posting STAGGERINGLY STUPID posts like 'we need to pump more oil'?

EIA: Global oil production returns to within 1% of pre-pandemic levels

Although crude oil prices remain high because of low oil inventories and significant geopolitical uncertainty, EIA estimates world production of petroleum and other liquids averaged...

www.ogj.com

Oil is already practically back to pre-pandemic levels of production.

It just takes time for all that 'cheap' money that was created to work it's way through the system.

Just grow up, calm down, suck it up and live with it for a while.
Because it was you idiots who called for the lockdowns and ALL the free money from the government who caused this mess in the first place.

 

[bluesmoke]

2010 disaster in the Gulf :

Oil reaches Louisiana shores - Photos - The Big Picture​

https://www.boston.com › bigpicture › 2010/05 › comme...
This is what happens when you allow fascism to flourish. ... If BP's profits are private, why is it the public's responsibility to volunteer to clean up the ...

GA Power ratepayers not sold on Vogtle progress​

https://www.savannahriverkeeper.org › blue-heron-blog
ATLANTA, GA- More than 40 years have passed since the beginning of the 12-year construction of Plant Vogtle nuclear units 1 and 2 near Waynesboro, GA, ...

Opinion: Vogtle teaches Georgians a lesson in nuclear. We'll ...​

https://www.savannahnow.com › opinion › 2021/11/05
Nov 5, 2021 — Plant Vogtle fee decision by Georgia Public Service Commission sparks ... The utility is exercising its power by fleecing ratepayers.

Georgia Power's Vogtle overruns could mean billions more in ...​

https://www.ajc.com › news › business › nuclear-cost-o...
Jul 9, 2021 — But regulators can create extra protections for ratepayers. Mississippi's PSC enacted cost caps on a coal gasification plant proposed by a ...

Electricity rates are set by the government ostensibly to assure fair prices for the consumer. As the govt rep says, "We're here to help you".

 

[jpevans]

If you are calling depletion allowances subsidies: How is depreciation of the cost of an oil well any different than depreciation of the cost of a steel mill? Or a semi-truck?

The owner of a F150 doesn't make Billion$ & pay no taxes because he drove his truck off the lot, maybe a Steel Plant does, I doubt it.

 

[MrNiceGuy]

And oil and gas prices are generally set on the international market. So the rest of the world impacts US gas prices

Sure, that's why we need to increase supply.

 

[SMTA]

The solution is to grow the 'f' up and stop whining about it.
Jeez...it staggers me how much whining Americans do about gas prices.
Like a bunch of 12 year old's.

The reason for the high prices is obvious to anyone who understands macroeconomics...which most of you obviously do not.

You 'print' an EXCREMENT load of money - as the Fed and federal government did during Covid?
Like $4 trillion each?
Over an extremely, short period of time?

Recent balance sheet trends

The Federal Reserve Board of Governors in Washington DC.

www.federalreserve.gov

Plus, the lockdowns shutdown everything.
And you get inflation.
This falls under the 'well duh' category.

And to those people who keep posting STAGGERINGLY STUPID posts like 'we need to pump more oil'?

EIA: Global oil production returns to within 1% of pre-pandemic levels

Although crude oil prices remain high because of low oil inventories and significant geopolitical uncertainty, EIA estimates world production of petroleum and other liquids averaged...

www.ogj.com

Oil is already practically back to pre-pandemic levels of production.

It just takes time for all that 'cheap' money that was created to work it's way through the system.

Just grow up, calm down, suck it up and live with it for a while.
Because it was you idiots who called for the lockdowns and ALL the free money from the government who caused this mess in the first place.

It still beats being a Canuck

 

[eohrnberger]

We have a nation BECAUSE it provides us with a government to help check/balance wealth, violence, theft, etc.

Government check / balance violence, theft, ect. Sure.

Wealth? Not so much.

Stop crying about all government being bad, it's absurd and destructive. Government should definitely regulate big energy, and should definitely get involved in our other crisis, healthcare, ASAP.

The federal government interventions are appropriately limited by the constitution.

We use rules and regulations in every sufficiently complex system on the planet, in order to achieve good outputs. Government/society is no exception.

 

[eohrnberger]

Obviously, the solution to get lower energy prices is to flood the market with more oil.

This is a commodity. Supply and demand. There is nothing any more simple than this.

That'd be the basic econ 101 that many are missing.

 

[redbeer]

While oil is a big F deal in our economy, we need an all of the above approach.

-use less energy
-more oil
-more solar
-more wind
-more geo
-more hydro
-more nuclear
-more innovation
-less taxes and regulation

We also need to recognize that electric cars are made of oil. Electric cars are charged by oil. Simply going electric doesnt change anything. Most of our electricity comes from natural gas (oil byproduct) and oil.

Right now, the greatest and simplest thing we can do to lower energy prices is more supply. Increase the supply of gas and oil to lower prices of fuel, heating oil, etc......once we do this, then we can begin to work more legitimately in other means to diversify our energy. The shouting, "the world's going to end" group is a cult and should be avoided at all costs. A level head, an even keel is needed and don't blindly follow and believe what wealthy, private jet flying around the world guru's spout.....they are out to make money, that's all.

 

[The Work Outing]

It still beats being a Canuck

Whatever.

 

[SMTA]

Whatever.

When you recklessly run your mouth on an American website, expect nothing less.

 

[Indydave]

the solution is the federalization of the energy industry......take the profit motive away from energy investors......imo we already have the technology to replace gasoline in automobiles with electric power generation built into the wheels......but it, like solar and wind and every other alternative gets smashed by Wall St and global oil barons because there still is too much oil in the ground for them not to exploit......

it can be argued that all humankind has need of power for homes and transportation and industry.......and like healthcare it should not be controlled by a few profiteers.......

the day will come when this comes about.......unless.....the profiteers come to their senses and make the energy they control affordable for all