This is the simple and common sense solution to lowering oil prices (but Biden won't do it).

[Stormy Daniels]

The United States is the world's largest producer of oil. We produce nearly double the next closest producer and in fact the United States is a net exporter of oil. But oil is a global commodity sold on an open market. And that means that douche nozzles in Russia, Saudi Arabia, and elsewhere have a significant impact on the price of gas in Chattanooga.

We can solve this easily if Biden had the chutzpah. It's really simple. To lower oil prices in the United States, we should entirely ban the export of oil. No more global markets setting domestic prices. Keep all the supply for ourselves, let supply and demand reduce domestic prices, and short circuit the international market from driving our prices up. If other countries are hurting because of bans on Russian oil, then that's their problem. If other countries can't produce enough oil to make themselves independent, then they should figure it out for themselves. It's not our problem.

There's no reason we can't do it, except that our President isn't willing.

 

[bendog]

The United States is the world's largest producer of oil. We produce nearly double the next closest producer and in fact the United States is a net exporter of oil. But oil is a global commodity sold on an open market. And that means that douche nozzles in Russia, Saudi Arabia, and elsewhere have a significant impact on the price of gas in Chattanooga.

We can solve this easily if Biden had the chutzpah. It's really simple. To lower oil prices in the United States, we should entirely ban the export of oil. No more global markets setting domestic prices. Keep all the supply for ourselves, let supply and demand reduce domestic prices, and short circuit the international market from driving our prices up. If other countries are hurting because of bans on Russian oil, then that's their problem. If other countries can't produce enough oil to make themselves independent, then they should figure it out for themselves. It's not our problem.

There's no reason we can't do it, except that our President isn't willing.

How can the federal govt tell me (or anyone) I cannot sell something I own to whom I choose? And besides, what effect do you think that would have with our overall trade with countries in europe and asia?

 

[Stormy Daniels]

How can the federal govt tell me (or anyone) I cannot sell something I own to whom I choose?

With legislation. Duh.

And besides, what effect do you think that would have with our overall trade with countries in europe and asia?

Who cares? This is about doing what's in the best interests of the United States.

 

[there4eyeM]

How can the federal govt tell me (or anyone) I cannot sell something I own to whom I choose? And besides, what effect do you think that would have with our overall trade with countries in europe and asia?

Drugs? Bombs? Automatic weapons? Child pornography? Intelligence secrets?

 

[Winston]

How can the federal govt tell me (or anyone) I cannot sell something I own to whom I choose? And besides, what effect do you think that would have with our overall trade with countries in europe and asia?

From the oil embargo of 1973 through 2016, the ban on the export of crude oil was the law of the land. Obama signed the bill that removed the ban, but it was a Republican House and Senate that provided that bill. Not only would I ban the export of crude oil, I would ban the export of all refined products as well, especially diesel. Diesel is cheaper in both Mexico and Brazil and both nations get that diesel from us. It is stupid.

 

[bendog]

With legislation. Duh.



Who cares? This is about doing what's in the best interests of the United States.

Well, the dems are in charge and he can't even pass an increase in to top .1%'s ss taxes, so I think I'm safe there. LOL

And limiting trade is not in the nation's best interest.

We have a transportation problem. the price of oil is not going to fall to pandemic levels (unless there's one hell of a global recession). We are not the only western nation with a shortage of truck drives, although the progressives handing out free money has resulted in something like 5% of the prepandemic workforce still not going back to work. But we have to use oil more productively. Imo free markets will do the best job of that.

 

[Stormy Daniels]

Not only would I ban the export of crude oil, I would ban the export of all refined products as well, especially diesel.

Yeah, that too.

 

[Stormy Daniels]

Well, the dems are in charge and he can't even pass an increase in to top .1%'s ss taxes, so I think I'm safe there. LOL

And limiting trade is not in the nation's best interest.

We have a transportation problem. the price of oil is not going to fall to pandemic levels (unless there's one hell of a global recession). We are not the only western nation with a shortage of truck drives, although the progressives handing out free money has resulted in something like 5% of the prepandemic workforce still not going back to work. But we have to use oil more productively. Imo free markets will do the best job of that.

It's very simple. We are a net exporter of oil. We produce more than we consume. If we halt exports then WE will have more oil than we know what to do with. Which will mean that the laws of supply and demand will drive prices down. Before long Exxon and Chevron will be giving away free weekend getaways trying to beg people to do more driving.

 

[bendog]

From the oil embargo of 1973 through 2016, the ban on the export of crude oil was the law of the land. Obama signed the bill that removed the ban, but it was a Republican House and Senate that provided that bill. Not only would I ban the export of crude oil, I would ban the export of all refined products as well, especially diesel. Diesel is cheaper in both Mexico and Brazil and both nations get that diesel from us. It is stupid.

We should become a net importer of oil in the future, but I guess I'll ask. Why is diesel less expensive in Mexico and Brazil? Is it supply or taxes?

 

[Stormy Daniels]

We should become a net importer of oil in the future, but I guess I'll ask. Why is diesel less expensive in Mexico and Brazil? Is it supply or taxes?

Actually, it's demand. The sellers charge more stateside because they can get away with it. Demand in Mexico and Brazil is lower because the population doesn't have as much wealth to spend on fuel.

By the way, why should we become a net importer again? How the hell is reducing production supposed to bring prices down?

 

[AntonToo]

From the oil embargo of 1973 through 2016, the ban on the export of crude oil was the law of the land

And it clearly didn't result in energy independence or prevent high gasoline prices.

Ironically it's only when exporting oil became legal did our trade balance briefly go positive.

[/thread]

 

[LordBrownTrout]

With legislation. Duh.



Who cares? This is about doing what's in the best interests of the United States.

When have our elected idiots ever done anything in our countries best interests in the last 30-40 years? And why would they start now? They current admin doesnt care about your needs or how much pain you're in. Theyre going to push the glowarm religion which will end in disaster.

 

[Woodznutz]

High gas prices are caused by inflation not shortages. We're awash in oil, and awash in dollars. However, our trade deficits will reduce the money supply by $600-$800 Billion each year. Immigrants also send $50-$60 Billion 'back home' each year as well. So we just have to wait a while for Americans to buy enough imports from China, and the growing number of immigrants sending dough home, to get rid of the excess cash.

I'm doing my part. I buy stuff from China just about every month.

 

[petro]

The United States is the world's largest producer of oil. We produce nearly double the next closest producer and in fact the United States is a net exporter of oil. But oil is a global commodity sold on an open market. And that means that douche nozzles in Russia, Saudi Arabia, and elsewhere have a significant impact on the price of gas in Chattanooga.

We can solve this easily if Biden had the chutzpah. It's really simple. To lower oil prices in the United States, we should entirely ban the export of oil. No more global markets setting domestic prices. Keep all the supply for ourselves, let supply and demand reduce domestic prices, and short circuit the international market from driving our prices up. If other countries are hurting because of bans on Russian oil, then that's their problem. If other countries can't produce enough oil to make themselves independent, then they should figure it out for themselves. It's not our problem.

There's no reason we can't do it, except that our President isn't willing.

I always wondered about the transportation costs of simultaneously importing and exporting around the globe.
If we reduced exports, it would be reasonable to assume we would import less, cutting the costs of transit.
If less oil was being transported around the globe unnecessarily, wouldn't that reduce carbon output also?

 

[Woodznutz]

I always wondered about the transportation costs of simultaneously importing and exporting around the globe.
If we reduced exports, it would be reasonable to assume we would import less, cutting the costs of transit.
If less oil was being transported around the globe unnecessarily, wouldn't that reduce carbon output also?

Reducing the cost of transportation is the main reason why some oil producing countries simultaneously import and export oil.

 

[AntonToo]

High gas prices are caused by inflation not shortages.

Simple glimpse at supply and demand shows otherwise.

Collapsed demand in 2020 caused energy stores to max out and production to contract. Demand then shot back up and production has not caught up to the demand, causing spike in prices.

 

[whitehall]

The U.S. isn't the largest producer of oil but it can be if we get rid of green fantasies about electric cars and windmills. Global Warming is an extortion game and we have to acknowledge the fact that the world runs on oil.

 

[AntonToo]

The U.S. isn't the largest producer of oil but it can be if we get rid of green fantasies about electric cars and windmills.

Screw that, I'm not giving up my electric car and solar panels.

 

[bendog]

Actually, it's demand. The sellers charge more stateside because they can get away with it. Demand in Mexico and Brazil is lower because the population doesn't have as much wealth to spend on fuel.

By the way, why should we become a net importer again? How the hell is reducing production supposed to bring prices down?

nonononno. I'd decided to just ignore you, but not that bullshit. The assertion was US refiners got paid less for diesel sold in Mexico than the US. Put up a link or fuck off.

 

[AntonToo]

Why is diesel less expensive in Mexico and Brazil? Is it supply or taxes?

It's the government price controls and subsidies.