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Is Biden going to offer a buyback program or pay off the millions of car loans when there is no more fuel to be had? I imagine many people will let the banks reposes soon as no one can afford to drive.
Is Biden going to offer a buyback program or pay off the millions of car loans when there is no more fuel to be had? I imagine many people will let the banks reposes soon as no one can afford to drive.
The banks will auction them off overseas and the others will be sold for scrap.
LOL you know Biden sucks bad and our system is too predictable when everyone is already planning for the collapse
Today we desperately need someone with gonads like Volcker to kick capitalism into high gear and make the loser politicians irrelevant again. Otherwise, the politicians will be leading our people around on a leash and that's all they will ever know, so they won't even know any better.
Gas is not going away, it will just go up in price until consumption is curbed. At $5/gallon, consumption is not being curbed enough, so expect $6 in time. It doesn't help when Brandon doesn't allow pipeline construction. Our need for fossil fuels is not going away any time soon.
I'd love to see mass defaults to bring down prices. It's a necessary evil to make things affordable for those who are responsible and fiscally plan their life in such a way that they can handle some hardship without having to file bankruptcy. Our society does the opposite, encouraging high amounts of leverage with the promise the government will bail them out and make the problem go away. Zombie entities should be forced to default and file bankruptcy. It's healthy. Don't get into more debt than you can manage and spend more responsibly.
Gas is not going away, it will just go up in price until consumption is curbed. At $5/gallon, consumption is not being curbed enough, so expect $6 in time. It doesn't help when Brandon doesn't allow pipeline construction. Our need for fossil fuels is not going away any time soon.
I'd love to see mass defaults to bring down prices. It's a necessary evil to make things affordable for those who are responsible and fiscally plan their life in such a way that they can handle some hardship without having to file bankruptcy. Our society does the opposite, encouraging high amounts of leverage with the promise the government will bail them out and make the problem go away. Zombie entities should be forced to default and file bankruptcy. It's healthy. Don't get into more debt than you can manage and spend more responsibly.
How much domestic gasoline would KeystoneXL represent? Tar sands isn't a wonderful crude to refine gasoline from, based on what I've read. Plus most of the product refined from that oil has been exported, historically.
How much domestic gasoline would KeystoneXL represent? .
"The Keystone XL pipeline, a privately funded project, would double the current capacity of oil transported in the U.S. per day, provide the U.S. with a more stable source of crude oil, and significantly increase employment and capital within America."
"The Keystone XL pipeline, a privately funded project, would double the current capacity of oil transported in the U.S. per day, provide the U.S. with a more stable source of crude oil, and significantly increase employment and capital within America."
Gas is not going away, it will just go up in price until consumption is curbed. At $5/gallon, consumption is not being curbed enough, so expect $6 in time. It doesn't help when Brandon doesn't allow pipeline construction. Our need for fossil fuels is not going away any time soon.
I'd love to see mass defaults to bring down prices. It's a necessary evil to make things affordable for those who are responsible and fiscally plan their life in such a way that they can handle some hardship without having to file bankruptcy. Our society does the opposite, encouraging high amounts of leverage with the promise the government will bail them out and make the problem go away. Zombie entities should be forced to default and file bankruptcy. It's healthy. Don't get into more debt than you can manage and spend more responsibly.
The Keystone pipeline was for exporting Canadian crude. It would have done nothing to help the current situation, and in case would not have been completed yet.
The biggest current issue affecting gas prices is refinery capacity. Some refineries closed during Covid and did not reopen. Others are converting to biofuels, and a couple had major incidents(ie explosions) and were never reopened. There is very little any President can do to increase refinery capacity in the short term.
"The Keystone XL pipeline, a privately funded project, would double the current capacity of oil transported in the U.S. per day, provide the U.S. with a more stable source of crude oil, and significantly increase employment and capital within America."
Horribly written paper, and misleading. Keystone XL would have doubled the capacity of the KEYSTONE system, not all of the pipeline capacity in the US.
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