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Originally Posted by mickey100
Bless your heart, you are missing some important facts. Where do I start?
Yes gas prices were higher before Russia invaded Ukraine, but that was because of a rise in gas demand, due to a return to the road after Covid lockdowns, according to Forbes. You do understand supply/demand I hope? In late 2021 the administration pushed to release some oil reserves to push down prices. If you check Forbes again, they have a great article on energy independence. (Forbes, being a conservative news source.) If you consider energy independence to mean we produce more energy than we consume, there was a shale boom that unleashed huge amounts of domestic oil and gas, and by the time the previous administration had taken office, our net energy imports had fallen, and by 2019 NET energy imports turned negative, due to the SHALE boom. Now with a new administration, numbers for 2022 show that US energy exports have been the highest on record, and total US energy production was the highest on record.
We have always imported oil. The reason for this is that there are different types of oil that are used for different purposes. For example, crude oil is a better fit for our energy systems rather than the shale oil which is lighter. So we export the shale oil while refiners import the heavy crude they prefer. The idea of energy independence is to export more than we import.
It goes without saying that renewable energy has great potential to reduce prices and dependence on fossil fuels in the future. We are in a transition phase.
I have a hybrid car, that gets 50 MPG around town. You wouldn't have seen that 10 years ago.
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Forbes is a left leaning magazine, no conservative part about it. I cancelled my subscription a while back because they are woke.
12 years ago, I had a diesel car that got 52 mpg and I paid less than you did. IMO, hybrids are rather useless because you only get 20-30 miles on electric power so why have a hybrid?
During the pandemic, we had a glut of gas, everybody was home bound. Nobody traveled for vacations, work, no fishing, waterskiing, no airline flights. So if we had a high demand for gas during the pandemic, where did it come from? During the pandemic, cruise ships were shutdown, airlines were hurting, and it took over 2 years for these institutions to get back on their feet. I’ll bet 1/2 the employees of this country are still telecommuting so the demand is still weaker than before the pandemic.