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Wonder if this has something to do with the conflicts in Yemen and Syria esp. the way the US got drawn in recently, seems like any disruption there sends gas prices way up
Meanwhile the number of rigs shut down in the US the last 2 years by big oil means that they tried to manipulate the price.
No this one is on Trump and his backers.
Quote:
Drillers held the number of oil rigs steady for a second straight week at 747 in the week to Dec. 29. That was 222 more than the 525 rigs at the end of 2016, General Electric Co's Baker Hughes Inc energy services firm said on Friday.
In the week ended April 13, 2018, the number of land rigs drilling for oil in the United States totaled 815, a gain of seven compared to the previous week and up by 132 compared with a total of 683 a year ago.
I hear you, but technology is not really the same thing as energy.
Technology is mostly the invention of gadgets that consume energy. In most of the country, your smartphone still gets its energy from fire, a very old technology. It’s a remarkable fact that our high tech devices are mostly powered by coal (and natural gas).
Wind and solar costs have come down substantially, thanks to slave labor in China. So wind/solar might be doable if someone can invent an ultra-cheap battery.
We'll see, think about life in the US just 50 years ago.
Well, I’ve never said that Americans are smart. In fact, they aren’t.
Lol...I’m having a little fun.
That said, i still haven’t been convinced of the supply and demand arguments. I repped your earlier post. You were right about domestic pricing.
Sometimes prices will drop in order to cause problems for a competitior. If you are getting at collusion being involved you wouldn't be off base for saying that.
Posts like the above show that mitigation of global warming is a lost cause. I’m not going to give up my car, electricity, and HVAC. Nor is anyone else. If anything, CO2 emission rates are going to keep rising as poor countries develop.
We will simply have to adapt to much higher temperatures. That means billions of people in hot third world countries moving poleward. It also means the gradual abandonment of our low-lying coastal cities like New Orleans and Miami. Won’t that be fun.
It's too late to change the damage that has been done. Even if i beamed every car and person off the planet it is still gonna super heat over the next 1500 years.
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