Thanks Joe, Oil Trades at $125 Tonight

Your claim about killing their own people is a lie.
I'm 71 YOA and on a fixed income, and I'm proud to do what I can to oppose Russian aggression.

 

Currently alternatives are not getting the job done. You are thinking in the present instead of in the future. I'm not doing anything oligarchical. I'm simply explaining that effective alternatives aren't really available. For government to shut down effective energy sources on a hope and a prayer is ludicrous and dangerous. If you are looking for future energy development, government isn't where you want to go.

 

The whining is no surprise. The US has 4% of the world's population, but 17% of world's energy use (and, for a while, 25% of the world's covid cases, winning....). Me thinks, there is a lot of room for saving energy, that other countries, with much lower per capita energy use don't have. But, that would involve investment. But, we all know, it is much more fun to buy the new, shiny 3/4 ton SUV for $60,000, instead of investing $30,000 ($15,000 after tax incentives, and have $45,000 left over for a slightly smaller, more efficient SUV) to put a solar array on your roof, and create your own electricity for the next 25 years. Priorities.... Installing solar panels on their roof would be as much fun as getting a root canal to some. It's the smart thing to do when you have a tooth ache. Yet, for their energy consumption, people just want Biden to make the "tooth ache" magically go away.

 

No one is shutting down anything. But oil is a limited ressource and you need to be weened of it early not later. Energy is too important to leave it in the hand of unelected profiteers

 

That is not quite true. We have the technology to build houses that are zero net energy. Geothermal is becoming cheaper and cheaper, PV solar is already competitive. The problem? People just don't have the will to invest, because the incentives and priorities are all messed up. Look at how $70,000 trucks are flying off dealers' lots. Now, think about what could be done if even 1/4 of this money was invested in renewable energy instead of wonton consumption. $17,500 would give you a nice 15 kW solar array, enough for the vast majority of households to cover or exceed their consumption. Think about the possibilities of self-sustainable households. Wouldn't that be the individualists' dream? I have no idea why it isn't, except for some stupid ideology fed to them by the usual RW news sources.

 

yes and and we have another person who fails to understand a oil producing nation like the USA can affect the price of oil.Along with its leaders policys

 

Thanks for confirming that alternative energy is not yet ready for prime time. Do you have a solar array on your roof?

 

Way too important to be left in the hands of corrupt incompetent elected profiteers.

 

I do, and it's been one of the best investments I've made. Next will be geothermal.

But, how to you conclude from my post that alternative energy is not ready for prime time?

 

What makes you think that Oil companies can control whether they have competition? The market makes that determination, and the market will move in that direction when alternative sources are price competitive. It is not the proper domain of the government to get involved in picking winners and losers. Doin so only harms our ability to compete economically.

 

So you prefer people who are only in it for the profit and live off the labours of other... Quite telling. You must love Putin and the oligarches then...

 

One word: Lobyist!
The market hasn't done **** since ages. Your vision of capitalism has been dead since 1939.

 

On what basis are you claiming that the market "hasn't done **** since ages"? Those are hollow words. Perhaps you do not understand economics principles, but your lack of understanding does not mean they do not exist. The market always prevails. Customer dollars go where they stretch the furthest.

While lobbyists can influence political decisions, they do not influence whom buys what. The market is pure. Politicians are not.

 

Keep living the dream...
As a human being I prefer that power rest in people I can kick out of their job after 4 years, than a fat cat capitalist or "investor" who never touched a tool in his life and probably was born into his wealth. Capitalism is just nobility with a different name. I'm against all system that favor the few to the detriment of the many. Democracy may not be perfect, and for sure government isn't but having a few "elite" which are in it only for themselves isn't the solution, it's the problem.

 

Understanding economics principles is not properly titled "living the dream". It is merely an example of understanding the world around you.

I could not care less about the fat cat capitalist as a person, I only care about his product. Unlike with decisions made by a politician for me, I do not have to wait 4 or 6 years to stop using his product if it stops being my best option, I reevaluate that decision every time I make that purchase. I also make my own decision with the capitalist. With the politician, sometimes I get my pick to win, sometimes the person I wholly disagree with wins. I dont want the person I wholly disagree with to make my decisions. I want to make my decisions, and that happens through the free market.

There have been many attempts at centrally planned economies. It is called Communism. If you are not aware, that experiment has been a colossal failure. The (mostly) free market on the other hand, has been the most successful economic system in the history of mankind.

 

I prefer people who are not in government, you know, the ones smart enough to succeed outside of government. I despise Putin and everything for which he stands.

 

It rained today. I guess we should blame that on Biden as well???