[biker1]

You can buy electric cars for less than $80K. You can also spend more than $80K. That is also true for gas cars.

Originally Posted by MDLNB

I don't see the problem
After all, we do have plenty of fuel underneath us, don't we? I guess someone intends to force us to use Chinese made batteries in our $80k priced vehicles. Everyone can afford an $80k car, right? Hey, the working stiff doesn't need to pay a mortgage. A car is much more important. Let's see, transportation to work or place to sleep? What a conundrum.

[JMintzer]

Originally Posted by MartinSE

America IS open to drilling, the oil companies have over 9,000 drilling permits they are not using.

Incorrect. They have over 9000 LEASES, not PERMITS...

Plus, they need permits to build the infrastructure to move the oil once it's pumped out of the ground... None of that is being fast tracked...

[Topspinmo]

Originally Posted by JoelJohnson

Most modern cars will adjust (via the computer) for E15.

Don’t it have to be flex fuel models??

[Topspinmo]

Originally Posted by Tvflguy

I’m from the government and I’m here to help…

LOL yes, I got it.

[Bill14564]

Originally Posted by Topspinmo

Don’t it have to be flex fuel models??

A flex-fuel vehicle I used to have would work with E85. The "normal," nothing special car I drive today says it will work with E15 but nothing higher.

[JoeBell100]

Only seems logical that if corn is used for E15 then the cost of corn to feed the farm animals will rise and subsequently the cost of chicken, beef, pork, etc. will soon follow.

[Keefelane66]

Originally Posted by Topspinmo

Don’t it have to be flex fuel models??

Flex fuel is E85 totally different from E15

[Keefelane66]

Originally Posted by Speedie

Great idea 💡. Open up America for drilling and we will have $2 gallon again. America sits on a sea of fuel

No it will not petroleum is priced on a world market.

[OhioBuckeye]

You said it exactly right, thanks!

[MDLNB]

Originally Posted by MartinSE

America IS open to drilling, the oil companies have over 9,000 drilling permits they are not using.

Thanks to the pandemic and "graying of the workforce" there is a shortage of workers to bring more wells online.

And the BIG reason they are not bringing more wells online:

Over the last decade, U.S. oil production saw tremendous growth. But when prices crashed in 2014, investors lost big money. Oil prices are notoriously volatile, with the industry often suffering from boom-and-bust cycles.

But in the last few years, investors have been making clear to oil producers that they should not sink money into additional drilling in pursuit of the next oil boom. Instead, they want companies to pay back investors.

Exploration and production companies have responded by recording explosive dividend growth. According to the Morningstar U.S. Market Index, the average dividend in dollars per share has grown from $14 in 2018 to $40 in 2021, an increase of more than 180%.

"Energy companies were very afraid to ramp production because they were going to get punished by investors," said Morris, of data provider Alerian.

So, as always the decision to drilling or not is MONEY, not Biden, despite how much so many want to blame Biden.

Wow, someone's been reading the propaganda. Talking about "drilling" someone should DRILL down past the propaganda to get to the truth.

[MDLNB]

I'm waiting for the government to buy me a 'lectric car. After all, the average worker and lower middle class earner cannot afford one.

[JMintzer]

Originally Posted by MDLNB

Wow, someone's been reading the propaganda. Talking about "drilling" someone should DRILL down past the propaganda to get to the truth.

I tried to explain it to him, but I'm sure it didn't take...

[MartinSE]

Originally Posted by JMintzer

Incorrect. They have over 9000 LEASES, not PERMITS...

Plus, they need permits to build the infrastructure to move the oil once it's pumped out of the ground... None of that is being fast tracked...

You are correct, I used the wrong term, any bad. But, it still remains that oil companies are NOT applying for permits. They investors they use to finance drilling new wells do not want them to drill new wells. It is NOT Biden's rules that are stopping them. They have the option to increase production and they do not want to.

[MartinSE]

Originally Posted by MDLNB

Wow, someone's been reading the propaganda. Talking about "drilling" someone should DRILL down past the propaganda to get to the truth.

Well, the was informative and will certainly help me correct my ways

(end sarcasm).

MY propaganda came from NPR and they got their information from the Oil companies, financial companies, et al. Yeah, left wing radical media like NPR, Bloomberg et al

3 reasons why Big Oil can't simply drill to ease high gas prices : NPR

Where do you get YOUR propaganda?

[JMintzer]

Originally Posted by MartinSE

You are correct, I used the wrong term, any bad. But, it still remains that oil companies are NOT applying for permits. They investors they use to finance drilling new wells do not want them to drill new wells. It is NOT Biden's rules that are stopping them. They have the option to increase production and they do not want to.

Since you (once again) brought politics into the discussion, I'll reply...

The current admin is not giving PERMITS to drill. They are not giving PERMITS to expand pipelines/roads, etc, to move any oil that is found.

Banks have significantly DECREASED investments in fossil fuels as of 2021...

Bloomberg - Are you a robot?

The question is WHY they are decreasing investments... I'll let YOU figure out the answer...