Lots of generalizations in this post with no specific examples given citing no sources. You sir have received an F for your assignment.
Oil production in 2019 (pre-pandemic) was 12,289 barrels per day, 2021 it was 11,185 barrels per day. U.S. Field Production of Crude Oil (Thousand Barrels per Day)
Is your google broken? search 'how policies impact gas prices' About 2,050,000,000 results (0.64 seconds)
Oil production is higher now than when Trump left office. During the early part of the Trump administration oil production was higher than it is now.
Why not have primarily wind and solar energy and have other sources of energy such geothermal as a back up when solar and wind are not reliable?
This statement is further evidence toward my idea of people having baby brains and crude partisanship on this subject. Thanks for doing my work for me.
Although if the Government in Norway (this example) controlled the oil business, they could keep the prices artificially low in their own country if they wanted to. Look at gas prices in Venezuela or Iran. I'd rather not live there but they do have cheap gas.
Jeff Mauer, the only individual I know that is both a comedy writer and policy maven with background in both, with his typically amusing but substantive take. Highly recommend his substack. He starts I have a vague memory of being five years old and asking my mom: “Where do gas prices come from?” Mom fidgeted and stared at her hands. Finally, she said “Gas prices come from the Gas Stork! He flies across the land and sets them every morning.” I knew she was lying: A neighbor had already told me that gas prices are grown in a cabbage patch when a Saudi sheik buries a magic oil seed on a full moon. So, I persisted: “Then why didn’t President Carter get the Gas Stork to lower prices and boost his sagging presidency?” I asked. This time, Mom answered right away: “Because Jimmy Carter was a traitor and a fraud and is rightly considered history’s greatest monster.” Virtually every culture has a myth about the origin of gas prices. The Mayans believed that Gucumatz the feathered spirit made a barrel of crude out of clay, breathed life into it, and sold it for fifty bucks. Hindu lore tells of Purusha, a being who had a thousand heads, eyes, and feet, and also a Chevy Tahoe that he would fill for $3 a gallon. Ancient Egyptians believed that the sun god Ra appeared from a lotus flower and — using one of those really long poles you use to set the reader board at a gas station — fixed the price of gas at $2.59 and 9/10. Though these views of how gas prices came to be are not my own, I appreciate them for what they tell us about human society and our efforts to understand the world. But the one myth I really can’t abide is that the president sets the price of gas. To hear some people talk, you’d think that there’s a button on the Resolute Desk labeled “lower gas prices.” When you recall that Trump had a special “bring me a Diet Coke” button on the desk, that would make the desk look something like this: The American People Are Old Enough to Know Where Gas Prices Come From
Should that be added into the expense of wind and solar energy? Now the goal posts have moved and conversation has shifted from wind and solar are the solution to well we admit wind and solar aren't reliable so let's spend more money (but not include these costs in our argument) in an attempt to make them reliable? Kind of dancing around the original point that wind and solar aren't necessarily cheaper sources of energy.
Both links are retrospective. Looking into the future (although the full article may be behind a paywall, the headline says it all): U.S. Sees Record Oil Production Next Year Moving Even Higher U.S. Shale Producers Are Set to Pick Up the Pace Amid Russian Ban
Well first, the poster said that they were more expensive as power generation technoques, so that is the issue that I dealt with, in particular. It is false, as I demonstrated and which you still haven't disputed. You are discussing another concern now,: intermittency. No, I didn't address that to dispute a point that wasn't about intermittency. But now that you brought it up, we can discuss that as another point. One of the ways to deal with intermittency issues is actually to use both solar and wind. Their intermittencies are negatively correlated, so that lowers the need for storage for each. Second, all forms of power have some amount of intermittency. Even fossil fuel generation plants are down for a surprisingly high percentage of the time due to a variety of factors. So this issue isn't exclusive to wind or solar power. Utilities are used to having to deal with this issue. In the end, yes, some batteries will likely be needed as the grid switches to higher and higher percentages of renewables. However, battery costs are plummeting. Yes, production of batteries is not environmentally friendly. No, they aren't as bad as extracting, transporting, storing, and burning fossil fuels at large scale.
Pont of order that's because covid killed the demand and production plummeted. Peak under Trump was about 14 million barrels a day, currently about 11.4 mullion barrels a day.
Next time the President and his administration take credit for the economy and lower gas prices you might remeber those words. Biden Claims Big Win By Saving Us 16 Cents On Our 4th Of July BBQs Biden Cheers Lower Pump Prices, Crediting His Supply Efforts
The peak under Trump (13.1 million barrels) wasn't at the tail end of his administration. The original claim was "domestic production of oil has plummeted from the level of domestic production we saw at the tail end of the Trump administration". Domestic production of oil has increased since the end of the Trump administration. Domestic production of oil plummeted at the tail end of the Trump administration.
U.S. Crude Oil Production - Historical Chart | MacroTrends I think you're mis-stating something... You can scroll on the graph for yourself but from Jan of 2018 to Jan 2020 production went from 9919 to 13100/barrels a day, and that was without the benefit of the reopen trade from COVID lockdowns.
Just wait until all you youngsters experience a 13% home mortgage…. How do the oil production numbers look overlayed with barrel prices (or even tax subsidies)
