White House: We Don’t Want to Be World’s Leading Oil, Gas Producer Forever

Renewables at a utility level are cheaper than burning fuel at this point. Have been for a few years. Now, they are even cheaper with batteries attached.

And given your explanation of why inflation fell, your argument is that it is because oil and gas are currently cheap?

 

You didn't answer the question and instead seem to talk in circles around it. I wonder why?

Anyways, I'll ask again, is oil cheap right now?

 

I like how you just gave up and devolved to name calling. You need to find less informed people to argue with.

 

Ahh, so you admit that it is much cheaper. I will remember that the next time you try to pretend it is expensive.

Wanting to lead the world in oil/gas is like wanting to be the world's leader in horse breeding in 1915.

 

Need some clarification please; do hobby horses run solely on alternative energy? Is that why these posters would ride a hobby horse?

Or do hobby horses go nowhere, and use no energy whatsoever? Because I don't think anyone who's a proponent of increasing both renewables and our variety of energy sources actually dislikes energy....they just want the best type, right?

Or are you just trying to imply that these posters aren't as masculine as you, and thus they ride a hobby horse? Because you rilly rilly love oil!!! While they aren't quite as totally committed, apparently.

 

Name calling doesnt bother me, nor does insults. However, when that is the full content of a post it is a sign you’ve been outclassed in debate. If you want to really insult someone, counter their argument, whether you make fun of them or not.

On this site it isnt up to posters to watch a whole video. You should be using the video learnings to counter peoples points. What in the video was counter to AZs points?

 

2 1/2 years ago is when domestic production increased? That claim doesn't seem to be supported by the facts. The inflection point appears to be June of 2020. March of 2021 was a big jump, as was October of 2021, but both of those were surrounded by months that kept the trend line steady.

Inflation took off in March of 2021. There was a big jump in oil production in March of 2021. If we are making the argument that oil production was increased in response to inflation going up, how do we explain them both going up at the same time? If we are making the argument that oil production was increased in response to inflation going up, how do we explain 15 months of oil production going up while inflation was going up, then 22 months of oil production continuing to go up while inflation was going down?

The is no correlation between changes in oil production and changes in inflation (0.11 over the last ten years, 0.14 over the last five years, 0.09 since the end of covid).

Also, since you brought it up, the last time I could find oil at $129 a barrel was in 2008. Our most recent peak was June of 22 at $114. In June of 22 we were producing about 11.8 million barrels a day. We held steady at that production level from March through August of 22, never lower than 11.7, never higher than 11.9 million barrels per day. In March of 22 the price was $107 (went up $18 per barrel even though we actual increased production vs February), in August the price was $94 per barrel, even though production didn't meaningfully change during that time. Since neither our production levels or inflation rates show any relationship to the price, maybe there was something else going on in the world that could explain that other than our production levels or inflation rates?

U.S. Field Production of Crude Oil (Thousand Barrels per Day)

12-month percentage change, Consumer Price Index, selected categories

U.S. Crude Oil First Purchase Price (Dollars per Barrel)

 

Thanks for showing there is no correlation between US oil production and the post COVID, global inflation. It's a ridiculous notion that US oil production was the cause and solution to the inflation. Especially when US production was offset by lower production across the globe, and global supply didn't change much. And oil consumption represents less than 5% of household expenditures. Again, I'd like to see the math how such a small household expenditure can cause 9% inflation.

As for the other explanation, already given. But if you want an academic article explaining what I've already explained, here's a good one.

 

I think a sharpie would be more effective

 

I did watch and you dodged again. We need better conservative debaters on this site.

 

Newsflash to the OP: We don't want to be the world's largest producer of black and white TVs forever, either.
You, sir, are no Zefram Cochrane.

 

Using another analogy the statement would be the equivalent of a US President in the early part of the 20th Century making the statement that "we do not want to be the largest producer of horse-drawn vehicles forever."

 

Sadly, we are bereft of intelligent conservative debaters. I think they are hiding until Trump is gone since he’s too hard to defend.