The US's dependence on oil is counterintuitive.

berg80

berg80

Diamond Member
Joined
Oct 28, 2017
Messages
34,929
Reaction score
28,457
Points
2,820
Every country that draws from the bathtub suffers from price shocks, but the United States suffers more than its peers. The U.S. economy has a high oil intensity; it consumes a lot of oil to produce each dollar of its gross domestic product. America’s economy is more than 40 percent more oil-intensive than China’s, even though China is a net oil importer and sources much of its oil from Persian Gulf countries, including Iran. The European Union’s economy is half as oil-intensive as America’s. Even Russia, a petrostate, is about 20 percent less reliant on oil per unit of economic output than the United States is.

China is still a developing country in many ways. Developing countries tend to consume more oil than fully industrialized ones. But China also recognized its strategic vulnerability to oil shocks years ago and has been methodically decreasing it — not with warships but with electric vehicles and high-speed electric rail. Chinese gasoline consumption appears to have peaked in 2023, far earlier than analysts expected. According to an analysis by BloombergNEF, some two-thirds of electric vehicles sold worldwide are purchased in China, and within the next year, China’s E.V. sales are projected to exceed the entire U.S. car market.

The solution to this problem isn't more oil production. It's less oil consumption. Less oil consumption being the opposite of trump's goal. He of the "drill, baby, drill" camp.

Is it surprising he has positioned the US in exactly the wrong way? No. Because when it comes to strategery (thanks George) Don's tends to be impulsive, self-indulgent, ignorant, and non fact based. But he does know his bread has been buttered by legacy oil company donations. Remember his offer during the campaign?

Trump pressed oil executives to give $1 billion for his campaign, people in industry say​

Former President Donald Trump asked oil industry executives last month to donate $1 billion to aid his campaign to retake the White House, three people familiar with the conversation told POLITICO — a request that campaign finance experts said appeared troubling but is probably legal.

The request, first reported Thursday by The Washington Post, occurred during a meeting of industry executives at the former president’s home in Palm Beach, Florida.

The oil industry has a long list of policy actions it would want Trump to take, including dismantling parts of President Joe Biden’s green agenda and rolling back pollution regulations that threaten to crimp their profits. As POLITICO reported Wednesday, oil executives are also preparing some highly specific requests for Trump, including executive orders they hope he would sign if reelected.
 
berg80 said:
Every country that draws from the bathtub suffers from price shocks, but the United States suffers more than its peers. The U.S. economy has a high oil intensity; it consumes a lot of oil to produce each dollar of its gross domestic product. America’s economy is more than 40 percent more oil-intensive than China’s, even though China is a net oil importer and sources much of its oil from Persian Gulf countries, including Iran. The European Union’s economy is half as oil-intensive as America’s. Even Russia, a petrostate, is about 20 percent less reliant on oil per unit of economic output than the United States is.

China is still a developing country in many ways. Developing countries tend to consume more oil than fully industrialized ones. But China also recognized its strategic vulnerability to oil shocks years ago and has been methodically decreasing it — not with warships but with electric vehicles and high-speed electric rail. Chinese gasoline consumption appears to have peaked in 2023, far earlier than analysts expected. According to an analysis by BloombergNEF, some two-thirds of electric vehicles sold worldwide are purchased in China, and within the next year, China’s E.V. sales are projected to exceed the entire U.S. car market.

The solution to this problem isn't more oil production. It's less oil consumption. Less oil consumption being the opposite of trump's goal. He of the "drill, baby, drill" camp.

Is it surprising he has positioned the US in exactly the wrong way? No. Because when it comes to strategery (thanks George) Don's tends to be impulsive, self-indulgent, ignorant, and non fact based. But he does know his bread has been buttered by legacy oil company donations. Remember his offer during the campaign?

Trump pressed oil executives to give $1 billion for his campaign, people in industry say​

Former President Donald Trump asked oil industry executives last month to donate $1 billion to aid his campaign to retake the White House, three people familiar with the conversation told POLITICO — a request that campaign finance experts said appeared troubling but is probably legal.

The request, first reported Thursday by The Washington Post, occurred during a meeting of industry executives at the former president’s home in Palm Beach, Florida.

The oil industry has a long list of policy actions it would want Trump to take, including dismantling parts of President Joe Biden’s green agenda and rolling back pollution regulations that threaten to crimp their profits. As POLITICO reported Wednesday, oil executives are also preparing some highly specific requests for Trump, including executive orders they hope he would sign if reelected.
Click to expand...

Let's imagine Democrats are in charge right now. Republicans would be screaming for them to make the oil companies sell us oil directly, rather than selling it on the open market.

I heard the ABC News woman/piggy/dummy say "but the USA has to sell our gas on the open market with whatever the prices are blablabla" in other words, sorry folks. We can sell it for more on the open market. Especially with what's going on in Iran. Rather than really sock it to the deep state globalist oil companies and insist they sell it to us here for $2.99 a gallon, no more.

Why not?
 
berg80 said:
Every country that draws from the bathtub suffers from price shocks, but the United States suffers more than its peers. The U.S. economy has a high oil intensity; it consumes a lot of oil to produce each dollar of its gross domestic product. America’s economy is more than 40 percent more oil-intensive than China’s, even though China is a net oil importer and sources much of its oil from Persian Gulf countries, including Iran. The European Union’s economy is half as oil-intensive as America’s. Even Russia, a petrostate, is about 20 percent less reliant on oil per unit of economic output than the United States is.

China is still a developing country in many ways. Developing countries tend to consume more oil than fully industrialized ones. But China also recognized its strategic vulnerability to oil shocks years ago and has been methodically decreasing it — not with warships but with electric vehicles and high-speed electric rail. Chinese gasoline consumption appears to have peaked in 2023, far earlier than analysts expected. According to an analysis by BloombergNEF, some two-thirds of electric vehicles sold worldwide are purchased in China, and within the next year, China’s E.V. sales are projected to exceed the entire U.S. car market.

The solution to this problem isn't more oil production. It's less oil consumption. Less oil consumption being the opposite of trump's goal. He of the "drill, baby, drill" camp.

Is it surprising he has positioned the US in exactly the wrong way? No. Because when it comes to strategery (thanks George) Don's tends to be impulsive, self-indulgent, ignorant, and non fact based. But he does know his bread has been buttered by legacy oil company donations. Remember his offer during the campaign?

Trump pressed oil executives to give $1 billion for his campaign, people in industry say​

Former President Donald Trump asked oil industry executives last month to donate $1 billion to aid his campaign to retake the White House, three people familiar with the conversation told POLITICO — a request that campaign finance experts said appeared troubling but is probably legal.

The request, first reported Thursday by The Washington Post, occurred during a meeting of industry executives at the former president’s home in Palm Beach, Florida.

The oil industry has a long list of policy actions it would want Trump to take, including dismantling parts of President Joe Biden’s green agenda and rolling back pollution regulations that threaten to crimp their profits. As POLITICO reported Wednesday, oil executives are also preparing some highly specific requests for Trump, including executive orders they hope he would sign if reelected.
Click to expand...

Your thinking that forcing electric vehicles on people is the right thing to do counterintuitive, which is what the Chinese government can do to its own people.
 
berg80 said:
Every country that draws from the bathtub suffers from price shocks, but the United States suffers more than its peers. The U.S. economy has a high oil intensity; it consumes a lot of oil to produce each dollar of its gross domestic product. America’s economy is more than 40 percent more oil-intensive than China’s, even though China is a net oil importer and sources much of its oil from Persian Gulf countries, including Iran. The European Union’s economy is half as oil-intensive as America’s. Even Russia, a petrostate, is about 20 percent less reliant on oil per unit of economic output than the United States is.

China is still a developing country in many ways. Developing countries tend to consume more oil than fully industrialized ones. But China also recognized its strategic vulnerability to oil shocks years ago and has been methodically decreasing it — not with warships but with electric vehicles and high-speed electric rail. Chinese gasoline consumption appears to have peaked in 2023, far earlier than analysts expected. According to an analysis by BloombergNEF, some two-thirds of electric vehicles sold worldwide are purchased in China, and within the next year, China’s E.V. sales are projected to exceed the entire U.S. car market.

The solution to this problem isn't more oil production. It's less oil consumption. Less oil consumption being the opposite of trump's goal. He of the "drill, baby, drill" camp.

Is it surprising he has positioned the US in exactly the wrong way? No. Because when it comes to strategery (thanks George) Don's tends to be impulsive, self-indulgent, ignorant, and non fact based. But he does know his bread has been buttered by legacy oil company donations. Remember his offer during the campaign?

Trump pressed oil executives to give $1 billion for his campaign, people in industry say​

Former President Donald Trump asked oil industry executives last month to donate $1 billion to aid his campaign to retake the White House, three people familiar with the conversation told POLITICO — a request that campaign finance experts said appeared troubling but is probably legal.

The request, first reported Thursday by The Washington Post, occurred during a meeting of industry executives at the former president’s home in Palm Beach, Florida.

The oil industry has a long list of policy actions it would want Trump to take, including dismantling parts of President Joe Biden’s green agenda and rolling back pollution regulations that threaten to crimp their profits. As POLITICO reported Wednesday, oil executives are also preparing some highly specific requests for Trump, including executive orders they hope he would sign if reelected.
Click to expand...

The U.S. economy has a high oil intensity; it consumes a lot of oil to produce each dollar of its gross domestic product.

Advanced economies use a lot of oil, because cheap reliable energy is needed to have an advanced economy.
 
berg80 said:
But China also recognized its strategic vulnerability to oil shocks years ago and has been methodically decreasing it — not with warships but with electric vehicles and high-speed electric rail.
Click to expand...

More than half the source for generating that electricity for vehicles and rail comes from coal. They're at 55% in the use of coal for power generation. Which is alarming considering here in the U.S. where we're down to 15%, yet coal accounts for almost half of carbon dioxide emissions from our electricity generation.
 
berg80 said:
Every country that draws from the bathtub suffers from price shocks, but the United States suffers more than its peers. The U.S. economy has a high oil intensity; it consumes a lot of oil to produce each dollar of its gross domestic product. America’s economy is more than 40 percent more oil-intensive than China’s, even though China is a net oil importer and sources much of its oil from Persian Gulf countries, including Iran. The European Union’s economy is half as oil-intensive as America’s. Even Russia, a petrostate, is about 20 percent less reliant on oil per unit of economic output than the United States is.

China is still a developing country in many ways. Developing countries tend to consume more oil than fully industrialized ones. But China also recognized its strategic vulnerability to oil shocks years ago and has been methodically decreasing it — not with warships but with electric vehicles and high-speed electric rail. Chinese gasoline consumption appears to have peaked in 2023, far earlier than analysts expected. According to an analysis by BloombergNEF, some two-thirds of electric vehicles sold worldwide are purchased in China, and within the next year, China’s E.V. sales are projected to exceed the entire U.S. car market.

The solution to this problem isn't more oil production. It's less oil consumption. Less oil consumption being the opposite of trump's goal. He of the "drill, baby, drill" camp.

Is it surprising he has positioned the US in exactly the wrong way? No. Because when it comes to strategery (thanks George) Don's tends to be impulsive, self-indulgent, ignorant, and non fact based. But he does know his bread has been buttered by legacy oil company donations. Remember his offer during the campaign?

Trump pressed oil executives to give $1 billion for his campaign, people in industry say​

Former President Donald Trump asked oil industry executives last month to donate $1 billion to aid his campaign to retake the White House, three people familiar with the conversation told POLITICO — a request that campaign finance experts said appeared troubling but is probably legal.

The request, first reported Thursday by The Washington Post, occurred during a meeting of industry executives at the former president’s home in Palm Beach, Florida.

The oil industry has a long list of policy actions it would want Trump to take, including dismantling parts of President Joe Biden’s green agenda and rolling back pollution regulations that threaten to crimp their profits. As POLITICO reported Wednesday, oil executives are also preparing some highly specific requests for Trump, including executive orders they hope he would sign if reelected.
Click to expand...

That reality is hitting home right now at the gas pump. For all the bitching about EV's, the cost of operating them is way less than that of gas powered vehicles.
 
80zephyr said:
We could have been building nuclear for decades. But the earth muffins wanted wind and solar.
Click to expand...
We could have been building renewable energy for decades. But the cave dwelling climate deniers wanted to drill for more oil.
 
sealybobo said:
Let's imagine Democrats are in charge right now. Republicans would be screaming for them to make the oil companies sell us oil directly, rather than selling it on the open market.
Click to expand...
You do know oil has to be refined in to gasoline before you can put it in your car, right?
 
berg80 said:
We could have been building renewable energy for decades. But the cave dwelling climate deniers wanted to drill for more oil.
Click to expand...

We have been. The problem is wind and solar can't provide the base load infrastructure required for a modern society.

You need big old spinning generators, powered by steam or water, and you need something giving off heat for the former and flowing water for the latter to work.
 
0311 said:
That reality is hitting home right now at the gas pump. For all the bitching about EV's, the cost of operating them is way less than that of gas powered vehicles.
Click to expand...

And the up front cost of being able to charge them at home, the higher initial costs, and the total lack of resale value makes up for that.
 
berg80 said:
You do know oil has to be refined in to gasoline before you can put it in your car, right?
Click to expand...
So? Why does it have to be put on the open market? It's because SHELL and Mobile and BP want to make $4 a gallon. If they were true American patriotic companies, they'd sell it to us for $2.99 a gallon right now.
 
berg80 said:
Every country that draws from the bathtub suffers from price shocks, but the United States suffers more than its peers. The U.S. economy has a high oil intensity; it consumes a lot of oil to produce each dollar of its gross domestic product. America’s economy is more than 40 percent more oil-intensive than China’s, even though China is a net oil importer and sources much of its oil from Persian Gulf countries, including Iran. The European Union’s economy is half as oil-intensive as America’s. Even Russia, a petrostate, is about 20 percent less reliant on oil per unit of economic output than the United States is.

China is still a developing country in many ways. Developing countries tend to consume more oil than fully industrialized ones. But China also recognized its strategic vulnerability to oil shocks years ago and has been methodically decreasing it — not with warships but with electric vehicles and high-speed electric rail. Chinese gasoline consumption appears to have peaked in 2023, far earlier than analysts expected. According to an analysis by BloombergNEF, some two-thirds of electric vehicles sold worldwide are purchased in China, and within the next year, China’s E.V. sales are projected to exceed the entire U.S. car market.

The solution to this problem isn't more oil production. It's less oil consumption. Less oil consumption being the opposite of trump's goal. He of the "drill, baby, drill" camp.

Is it surprising he has positioned the US in exactly the wrong way? No. Because when it comes to strategery (thanks George) Don's tends to be impulsive, self-indulgent, ignorant, and non fact based. But he does know his bread has been buttered by legacy oil company donations. Remember his offer during the campaign?

Trump pressed oil executives to give $1 billion for his campaign, people in industry say​

Former President Donald Trump asked oil industry executives last month to donate $1 billion to aid his campaign to retake the White House, three people familiar with the conversation told POLITICO — a request that campaign finance experts said appeared troubling but is probably legal.

The request, first reported Thursday by The Washington Post, occurred during a meeting of industry executives at the former president’s home in Palm Beach, Florida.

The oil industry has a long list of policy actions it would want Trump to take, including dismantling parts of President Joe Biden’s green agenda and rolling back pollution regulations that threaten to crimp their profits. As POLITICO reported Wednesday, oil executives are also preparing some highly specific requests for Trump, including executive orders they hope he would sign if reelected.
Click to expand...
<~~~~~~~~~~>
Wrong as usual.... The U.S. is developing long term solutions to offset fossil fuel use.
What Democrats and Communists fail to realize is that Fossil fuel use is here to stay and it is self sustained.
Unfortunately Chemistry has made industries out of fossil fuel use, plastics, clothing, lubricants, pharmaceuticals, tires and a myriad of products are now made from fossil fuels.
 
berg80 said:
Every country that draws from the bathtub suffers from price shocks, but the United States suffers more than its peers. The U.S. economy has a high oil intensity; it consumes a lot of oil to produce each dollar of its gross domestic product. America’s economy is more than 40 percent more oil-intensive than China’s, even though China is a net oil importer and sources much of its oil from Persian Gulf countries, including Iran. The European Union’s economy is half as oil-intensive as America’s. Even Russia, a petrostate, is about 20 percent less reliant on oil per unit of economic output than the United States is.

China is still a developing country in many ways. Developing countries tend to consume more oil than fully industrialized ones. But China also recognized its strategic vulnerability to oil shocks years ago and has been methodically decreasing it — not with warships but with electric vehicles and high-speed electric rail. Chinese gasoline consumption appears to have peaked in 2023, far earlier than analysts expected. According to an analysis by BloombergNEF, some two-thirds of electric vehicles sold worldwide are purchased in China, and within the next year, China’s E.V. sales are projected to exceed the entire U.S. car market.

The solution to this problem isn't more oil production. It's less oil consumption. Less oil consumption being the opposite of trump's goal. He of the "drill, baby, drill" camp.

Is it surprising he has positioned the US in exactly the wrong way? No. Because when it comes to strategery (thanks George) Don's tends to be impulsive, self-indulgent, ignorant, and non fact based. But he does know his bread has been buttered by legacy oil company donations. Remember his offer during the campaign?

Trump pressed oil executives to give $1 billion for his campaign, people in industry say​

Former President Donald Trump asked oil industry executives last month to donate $1 billion to aid his campaign to retake the White House, three people familiar with the conversation told POLITICO — a request that campaign finance experts said appeared troubling but is probably legal.

The request, first reported Thursday by The Washington Post, occurred during a meeting of industry executives at the former president’s home in Palm Beach, Florida.

The oil industry has a long list of policy actions it would want Trump to take, including dismantling parts of President Joe Biden’s green agenda and rolling back pollution regulations that threaten to crimp their profits. As POLITICO reported Wednesday, oil executives are also preparing some highly specific requests for Trump, including executive orders they hope he would sign if reelected.
Click to expand...
A growing economy needs more energy not less and oil is todays energy
 
15th post
sealybobo said:
Let's imagine Democrats are in charge right now. Republicans would be screaming for them to make the oil companies sell us oil directly, rather than selling it on the open market.

I heard the ABC News woman/piggy/dummy say "but the USA has to sell our gas on the open market with whatever the prices are blablabla" in other words, sorry folks. We can sell it for more on the open market. Especially with what's going on in Iran. Rather than really sock it to the deep state globalist oil companies and insist they sell it to us here for $2.99 a gallon, no more.

Why not?
Click to expand...
Those same people who would be screaming that were Kamala in charge of what's happening now are not-so-conspicuously silent.

Because....Trump.
 
berg80 said:
Every country that draws from the bathtub suffers from price shocks, but the United States suffers more than its peers. The U.S. economy has a high oil intensity; it consumes a lot of oil to produce each dollar of its gross domestic product. America’s economy is more than 40 percent more oil-intensive than China’s, even though China is a net oil importer and sources much of its oil from Persian Gulf countries, including Iran. The European Union’s economy is half as oil-intensive as America’s. Even Russia, a petrostate, is about 20 percent less reliant on oil per unit of economic output than the United States is.

China is still a developing country in many ways. Developing countries tend to consume more oil than fully industrialized ones. But China also recognized its strategic vulnerability to oil shocks years ago and has been methodically decreasing it — not with warships but with electric vehicles and high-speed electric rail. Chinese gasoline consumption appears to have peaked in 2023, far earlier than analysts expected. According to an analysis by BloombergNEF, some two-thirds of electric vehicles sold worldwide are purchased in China, and within the next year, China’s E.V. sales are projected to exceed the entire U.S. car market.

The solution to this problem isn't more oil production. It's less oil consumption. Less oil consumption being the opposite of trump's goal. He of the "drill, baby, drill" camp.

Is it surprising he has positioned the US in exactly the wrong way? No. Because when it comes to strategery (thanks George) Don's tends to be impulsive, self-indulgent, ignorant, and non fact based. But he does know his bread has been buttered by legacy oil company donations. Remember his offer during the campaign?

Trump pressed oil executives to give $1 billion for his campaign, people in industry say​

Former President Donald Trump asked oil industry executives last month to donate $1 billion to aid his campaign to retake the White House, three people familiar with the conversation told POLITICO — a request that campaign finance experts said appeared troubling but is probably legal.

The request, first reported Thursday by The Washington Post, occurred during a meeting of industry executives at the former president’s home in Palm Beach, Florida.

The oil industry has a long list of policy actions it would want Trump to take, including dismantling parts of President Joe Biden’s green agenda and rolling back pollution regulations that threaten to crimp their profits. As POLITICO reported Wednesday, oil executives are also preparing some highly specific requests for Trump, including executive orders they hope he would sign if reelected.
Click to expand...

How much has Chinas coal burning increased since converting to electric? I mean, that power has to come from somewhere, and coal is chinas main source of energy.
 
sealybobo said:
Let's imagine Democrats are in charge right now. Republicans would be screaming for them to make the oil companies sell us oil directly, rather than selling it on the open market.

I heard the ABC News woman/piggy/dummy say "but the USA has to sell our gas on the open market with whatever the prices are blablabla" in other words, sorry folks. We can sell it for more on the open market. Especially with what's going on in Iran. Rather than really sock it to the deep state globalist oil companies and insist they sell it to us here for $2.99 a gallon, no more.

Why not?
Click to expand...

Blah blah blah and none of that is true and even remotely close to being accurate.
 
0311 said:
That reality is hitting home right now at the gas pump. For all the bitching about EV's, the cost of operating them is way less than that of gas powered vehicles.
Click to expand...

So, we’re in favor of EVs again?

So do you want the power to come from new coal plants or new nuclear plants?

Also, China subsidizes their EV industry….are you ready for more EV tax credits?
 
You must log in or register to reply here.

Jesse Jackson's Son Calls Out Obama And Biden For Making Their Eulogies Political

< Previous Thread

FBI Seizes Maricopa AZ Election Records

Next Thread >

Similar threads

YoursTruly
The oil tankers Trump seized are costing the US millions of dollars
2
Replies
36
Views
347
struth
S
munkle
  • Locked
Trump baking in famine, as farmers cannot get Hormuz fertilizers for Spring planting season because Trump obeyed Netanyahu's orders to attack Iran
2
Replies
28
Views
352
OKTexas
OKTexas
citygator
Did Trump Start the War With Iran To Loosen Russian Oil Export Restrictions?
Replies
19
Views
289
rightwinger
rightwinger
Invisibleflash
Like him or hate him...Trump is doing a pretty good job at taking over the world.
3 4 5
Replies
98
Views
1K
Cellblock2429
Cellblock2429
excalibur
While everyone was screaming “chaos” and “no plan,” [Trump's] team quietly flipped Indonesia, the fourth-largest country on Earth and guardian of ...
3 4 5
Replies
93
Views
1K
PeterPilot
P

New Topics

Latest Discussions

Back
Top Bottom