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Umm..no. Sorry Spanky but you're wrong, but continue to toss out your feeble insults without backing up your nonsense.
In its January 2021 Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts that annual U.S. crude oil production will average 11.1 million b/d in 2021, down 0.2 million b/d from 2020 as result of a decline in drilling activity related to low oil prices. A production decline in 2021 would mark the second consecutive year of production declines
So right now oil production IS declining but expected to to increase in 2022by a small amount. I guess my echo chamber has better acoustics than yours.
Fracking rigs are offline to keep prices high they go into production and drive prices down which causes OPEC countries to produce more oil because they make payments to their citizens. Middle eastern countries have to pump and sell more barrels of oil to maintain the same payments. This is why we had several round trips into the to the low $40 per barrel. OPEC has attempted several times to try and put Fracking out of business it hasn't worked. The real truth is they can't stop pumping oil when prices are $30 a barrel they have to increase it. Fracking companies are able to operate down into the $30s now which hasn't helped OPEC. One thing to remember Fracking is really only been used in the US until just 4-6 years ago started to be used in other countries. When those others start to use fracking we could even see more oil pumped.
I don't expect $100 barrel I would be surprised if we see $70 a barrel if anything likely by fall we will see a significant drop in oil. The fact is America will continue to use less and less oil as electric cars, hybrids, and more fuel efficient cars are sold.
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Originally Posted by Camaro5
I don't know of any wind powered vehicles other than sailboats or those things they take out on the Bonneville Salt Flats.
Chevy is rumored to be building a 700 HP electric Camaro for possibly 2023. I would consider something like that. It would be faster than lightning and totally quiet. Not how you imagine a muscle car, but that's a lot of ponies under the hood.
What bothers me the most is that we had energy independence up until the time Biden took over. Now we have shortages and sky-rocketing fuel prices. As with everything Biden has touched, it's all gone to hell. You can say he's not to blame, but the fish stinks from the head down and blame falls in his lap whether he (or the liberals) like it or not.
If Trump can be blamed for every little thing, than so can the current incompetent occupant of the White House.
Not about politics when electric cars exceed the abilities of combustion engines it will be the end of them it will happen. It's been proven Electric cars are more powerful then a combustion engine. Tesla has proven their cars can beat any combustion engine their new roadster will have a top speed of over 250+ MPH.
Eventually maybe not in our lifetimes we might be able to only drive a combustion engine historic vehicle on a closed track. I'm also predicting that cars will become self driving on the streets and we will no longer even drive a car on the streets. Just get in and there be no steering wheel accidents will go to zero as computers will not make human errors. Again if you want to drive have to go to a closed track. It's hard to imagine but I really think that is exactly where we are headed. There is also a possibility of Drone like vehicles that you can fly around the city in.
Politicians DESPERATELY need "the next" economic driver to develop jobs to replace maturing industries and technology. This is why they are pushing the switch over to GREEN everything and promoting fearmongering in climate change. It's all a carefully crafted ploy to divert attention from the real problem: DEBT.
Politicians DESPERATELY need "the next" economic driver to develop jobs to replace maturing industries and technology. This is why they are pushing the switch over to GREEN everything and promoting fearmongering in climate change. It's all a carefully crafted ploy to divert attention from the real problem: DEBT.
Follow the money.
Seems to me that debt or not, politicians would still DESPERATELY need "the next" economic driver to develop jobs to replace maturing industries and technology. That's one of the things they're supposed to be doing.
Cars are too expensive for me now. I sold my last heap a year ago. My wind powered vehicle is my bike when I get a tailwind.
Electric bikes are getting cheaper and can go 40-100 miles I could see cars being replaced with lot of these bikes. Brand new bikes are less then $2000-3000 for higher end stuff lower cost conversions can be done lot less.
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