Question... If 25% of a commodity is reduced and eventually eliminated, will that increase the costs to the consumers of that commodity?
FACT:
About a quarter (25%) of U.S. oil and an eighth of the nation's natural gas is produced on federal lands.
Supporting link:
U.S. oil and natural gas production to fall in 2021, then rise in 2022 - Today in Energy - U.S. Energy Information Administration (EIA)
FACT:
If 25% of oil and gas on Federal lands is eliminated from the supply will the cost go up to gasoline consumers?
PROOF!!!
As gas prices soar, Americans can blame Joe Biden
Biden's attack on U.S. energy producers,
starting with his freeze on federal oil and gas leases, will assuredly take a toll on output down the road and
cause prices at the pump to rise.
But today, Biden has pushed those prices, which were already rising because of severe weather, even higher by gratuitously alienating Saudi Arabia. The Gulf kingdom just surprised energy markets by
announcing it would not raise oil output, despite developing supply constraints and rising prices.
Oil prices jumped on the news, popping 4 percent to pre-pandemic levels for the first time in a year; the surge rattled markets alread
Doesn't mean much with the left's push toward electric vehicles. Demand could be decreased by twenty-five percent as well.
Right... so where does the lubricant for your electric cars come from?
I use to think ah the answer is "synthetic oil"... Right?
But then.. a little research...
"The base material, however, is still overwhelmingly
crude oil that is distilled and then modified physically and chemically."
en.wikipedia.org
So.... all the electric cars will still need increasingly more expensive "crude oil" to make synthetic lubricants... PLUS
hmmm... where will the power come from to charge those EVs?
Hmmm... Nuclear for sure but...
There are 53 nuclear reactors currently under construction around the world.
Only two are in the United States, once the world’s leader in nuclear energy development
Plant Vogtle in Georgia installs more Westinghouse reactors while Oregon-based NuScale awaits final approval of its small modular reactor design
spectrum.ieee.org
So it seems we'll still need more costly crude oil which will either be imported and GROSSLY expensive...just to lubricate EVs
not even mentioning all those wind turbines that use oil.
Tsk..tsk.tsk... leaking oil polluting the environment!
Dirty Secret Behind Wind Turbines, They Need Lots Of Oil
Building and operating an offshore wind turbine requires immense amounts of oil to build, according to a Wednesday Forbes article.
dailycaller.com
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