Oil Price Increases After Biden Shuts Down Drilling Permits Again

[Fernando]

Proof? You don't have enough lithium and where do you get it? Name one mine in America that could be brought into production in less than 10 years...especially in the West or East... What about cobalt. You evoke visions of rainbows and unicorns but you have zero understanding of the challenges that means the electric grid, including the heavier wiring and heavier power poles needed, the fact every single community will need virtually every transformer and substation to be upgraded, consuming millions upon millions of TONS of copper, aluminum, steel, wood and steel posts, not to mention those lesser important metals that are obtained from other nations - lithium, cobalt, nickel, silver, platinum, and palladium. Not possible.

With increase demand, I wouldn't be surprise more mines will be found in other areas to replenish the supply.
Or new materials as substitutes. Technology keeps changing. Be forefront and not lag behind.

 

[Fernando]

Humble beginnings- Joe Biden has never had a real job. He has been sucking off the US Taxpayer since the day he got out of Law School LMAO

To survive for so long as a politician speaks for itself. Not like the short four years with Trump. After his debacle, he won't hold any office ever again. Not easy being a politician.

 

[Terrel L. Shields]

With increase demand, I wouldn't be surprise more mines will be found in other areas to replenish the supply.

And "poof" - they instantly pop up, fully equipped and with a plant to process the ores.... NIMBY - no new mine will add significantly to the world supply from the US. Environmentalists are not having that. Meanwhile the rest of the world looks at us and makes a little circling motion with their finger next to their heads.

 

[Terrel L. Shields]

He has been sucking off the US Taxpayer since the day he got out of Law School

chump change compared to the kickbacks he got as the "big guy"

 

[Fernando]

And "poof" - they instantly pop up, fully equipped and with a plant to process the ores.... NIMBY - no new mine will add significantly to the world supply from the US. Environmentalists are not having that. Meanwhile the rest of the world looks at us and makes a little circling motion with their finger next to their heads.

No one said it will happen today. It takes time. Think long term strategy. We'll get there.
Sorry to the oil producing states. Find another industry to grow.

 

[Terrel L. Shields]

No one said it will happen today. It takes time. Think long term strategy.

It won't happen tomorrow
It won't happen in 10 years
And it won't happen in forever in the USA, Australia, or Europe as long as the greenies get their way.
Africa won't be that stupid. Russia won't bet that stupid. China won't be that stupid

We are well on our way to flipping most of the 1st world countries into 3rd world counties and many 3rd world countries with the aid of allies in China and Russia to become 1st world countries as the US and EU become impoverished, over-regulated, and defenseless.

 

[Fernando]

If Biden administration gives tax breaks to Green technology, we will get there faster.
Our tax system is part of government's long term strategies like tax deductions for real estate. It always has been a tool.

 

[Charles West]

Green has a long way to go before it is ready for adoption and we don't even have the infrastructure in place yet to support it. Let the well to do adopt it first which is probably what is happening anyway and leave the poor and the middle classes alone. If you want to spend good money on putting something on your roof that is only 30 something percent efficient in a laboratory, then bless your heart have at it. My buddy has a Tesla and I got to say it is one of the biggest POS I have ever seen from an automobile manufacturer. Damn thing has 18,000 miles on it and rattles like a 300,000 miler Datsun plus the sill paint has actually started peeling off which means the prep for paint was for **** and Telsa tells him it's his problem! Makes a Ferrari look absolutely reliable by comparison. Go green chuckleheads, go green.

 

[Terrel L. Shields]

If Biden administration gives tax breaks to Green technology, we will get there faster.

Nonsense. We give breaks to solar and wind. We require utilities to buy it. In doing so, we make rich people richer and since the additional cost goes to the consumer, the POOR and middle class pay it. How many POOR people or even lower middle and middle class can afford an EV? And how many people living the high plains or other remote rural areas have access to a ready supply of recharging stations? I've not seen 3 of them in my travels over Arkansas and Oklahoma and I suspect most are rather obscure and rarely used.

I only know of one person who owned a Tesla and he got bored with it after a year or so and got rid of it. And he was CEO of a large company. My CPA does not drive one. My banker does not drive one. My insurance agent does not drive one. The waitress at the pizza place does not drive one and she couldn't get the thing up the hill to her house if she did own one. You cannot run a Tesla on a dirt road.

There is nothing "GREEN" about solar or wind, let alone lithium batteries. The carbon footprint of a Tesla is so large, it takes over 140,000 miles on it before you "break even" so to speak and it is truly "green"...and the problem there is if 20,000 miles driving annually, that is 7 years and by that time, you need a new battery which rolls that clock back again due to the huge amount of conventional energy required to mine the lithium, cobalt and nickel and materials needed plus the plastic, etc. that goes into the battery - so if you drive a Tesla say, 400,000 miles, you still probably used at least 2/3rd the energy of a similar sized gas car....maybe more.

If the government wanted to subsidize energy, they should give tax breaks to geothermal heat pumps, which do not disrupt the stability of the grid as they work 24/7 year around. They should require cellulose or foam insulation in all walls and ceilings as well as crawl spaces and foundations should be insulated. Again, these two items would reduce energy use 5 fold in new housing.

 

[Dublin ohio]

No one said it will happen today. It takes time. Think long term strategy. We'll get there.
Sorry to the oil producing states. Find another industry to grow.

Without oil. How are they going to manufacture, transport and install solar panels, wind turbines and make batteries. Long term strategy? They do not have one. This isn't field of dreams.