4 ms·

> Petrostates can afford a lot of leisure time for their citizens So what's the United State's excuse? (A lot of US citizens are somehow unaware of this: http

by _jal 7y ago

> Petrostates can afford a lot of leisure time for their citizens So what's the United State's excuse? (A lot of US citizens are somehow unaware of this: https://en.wikipedia.org/wiki/List_of_countries_by_oil_production https://en.wikipedia.org/wiki/List_of_countries_by_oil_produ...)

rileymat2 7y ago
I think for this sort of discussion you need to look at per capita production in the linked chart.
- relaxing 7y ago
  US per capita production is 1/10th that of Norway. I would gladly take 1/10th the paid leave given in the article (164 days), which GP failed to notice was for oil-less Finland anyway.
- keanzu 7y ago
  Production only tells half the story. To figure out how much surplus you have for social engineering you need: surplus = production - consumption The US was a net importer of oil up until September 2019. There's almost no surplus.
  - robocat 7y ago
    That’s equivalent of someone saying they can’t afford time off for kids because they already spend all their money... when it turns out they just don’t want to give up some luxuries: it’s just setting priorities. Here’s some economic comparisons: https://countryeconomy.com/countries/compare/finland/usa https://countryeconomy.com/countries/compare/finland/usa GDP per capita Finland 49,738$ US 65,462$ Average Wage Finland 52,890$ US 54,951$ Debt Per Capita Finland 29,624$ US 65,545$ Annual Vehicles / 1,000 p. Finland 23.68 US 53.85 CO2 Tons per capita Finland 8.80 US 16.14 Also Finland has a similar population to Oregon - although it would be more fun to compare it against say Texas for purposes of oil production and the point being made!
baroomba 7y ago
> So what's the United State's excuse? Massive, continual, and ongoing failure to capture any significant part of the outgoing and diminishing value of the ground under our feet for the future needs of citizens, thereby reducing the wealth of our country as a whole so a few people can capture all the benefit of that lost stored wealth, rather than merely almost all of it? It's not just oil—anything non-renewable coming out of the ground ought to pay into a trust fund like Norway's. We had a huge amount of it—oil, coal, minerals—and still have quite a bit, but we can't even figure out how to have anything resembling an OECD-standard healthcare system so I reckon a fix for that's not gonna enter the public debate for decades yet, if ever, meanwhile the stored value in our physical country itself drops every day.
keanzu 7y ago
"The US has cemented its status as a net exporter in world oil markets, a sharp reversal from past years that could affect its ties to foreign allies. The top oil producer and consumer exported 89,000 more barrels of crude oil and refined petroleum products a day than it imported in September [2019], the first full month of a positive oil trade balance since the 1940s, the Energy Information Administration said Friday. Imports exceeded exports by 12m barrels a day a decade ago." https://www.ft.com/content/9cbba7b0-12dd-11ea-a7e6-62bf4f9e548a https://www.ft.com/content/9cbba7b0-12dd-11ea-a7e6-62bf4f9e5... This is a recent development, September 2019, and is a very small volume relative to the US population/economy. There's little to no oil surplus in the US and thus it is not a petrostate.

by _jal 7y ago

rileymat2 7y ago

I think for this sort of discussion you need to look at per capita production in the linked chart.

relaxing 7y ago
US per capita production is 1/10th that of Norway. I would gladly take 1/10th the paid leave given in the article (164 days), which GP failed to notice was for oil-less Finland anyway.
keanzu 7y ago
Production only tells half the story. To figure out how much surplus you have for social engineering you need: surplus = production - consumption The US was a net importer of oil up until September 2019. There's almost no surplus.
- robocat 7y ago
  That’s equivalent of someone saying they can’t afford time off for kids because they already spend all their money... when it turns out they just don’t want to give up some luxuries: it’s just setting priorities. Here’s some economic comparisons: https://countryeconomy.com/countries/compare/finland/usa https://countryeconomy.com/countries/compare/finland/usa GDP per capita Finland 49,738$ US 65,462$ Average Wage Finland 52,890$ US 54,951$ Debt Per Capita Finland 29,624$ US 65,545$ Annual Vehicles / 1,000 p. Finland 23.68 US 53.85 CO2 Tons per capita Finland 8.80 US 16.14 Also Finland has a similar population to Oregon - although it would be more fun to compare it against say Texas for purposes of oil production and the point being made!

baroomba 7y ago

> So what's the United State's excuse? Massive, continual, and ongoing failure to capture any significant part of the outgoing and diminishing value of the ground under our feet for the future needs of citizens, thereby reducing the wealth of our country as a whole so a few people can capture all the benefit of that lost stored wealth, rather than merely almost all of it? It's not just oil—anything non-renewable coming out of the ground ought to pay into a trust fund like Norway's. We had a huge amount of it—oil, coal, minerals—and still have quite a bit, but we can't even figure out how to have anything resembling an OECD-standard healthcare system so I reckon a fix for that's not gonna enter the public debate for decades yet, if ever, meanwhile the stored value in our physical country itself drops every day.

keanzu 7y ago

"The US has cemented its status as a net exporter in world oil markets, a sharp reversal from past years that could affect its ties to foreign allies. The top oil producer and consumer exported 89,000 more barrels of crude oil and refined petroleum products a day than it imported in September [2019], the first full month of a positive oil trade balance since the 1940s, the Energy Information Administration said Friday. Imports exceeded exports by 12m barrels a day a decade ago." https://www.ft.com/content/9cbba7b0-12dd-11ea-a7e6-62bf4f9e548a https://www.ft.com/content/9cbba7b0-12dd-11ea-a7e6-62bf4f9e5... This is a recent development, September 2019, and is a very small volume relative to the US population/economy. There's little to no oil surplus in the US and thus it is not a petrostate.