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US policy has been moving towards energy independence from Bush, Obama, and through Trump. We're pretty much there now, OPEC can't drive up prices without US sh
by dahdum 6y ago
US policy has been moving towards energy independence from Bush, Obama, and through Trump. We're pretty much there now, OPEC can't drive up prices without US shale producers ramping up production, sharply limiting their control.
- eternalban 6y agoOur arrangements with the House of Saud include the extremely sensitive matter of reserve status of US Dollar. Control over Persian Gulf — a matter that includes other parties not included in the US-Saudi strategic agreements — is energy related: it is not USA who is dependent on Persian Gulf energy, but near peer challengers, such as China, Japan, and possibly EU.
- sitkack 6y agoJimmy Carter would like a word with you.
- yowlingcat 6y agoWhat would those words be?
- sitkack 6y agohttps://www.masterresource.org/carter-jimmy/jimmy-carter-was-right/ https://www.masterresource.org/carter-jimmy/jimmy-carter-was... https://foreignpolicy.com/2012/01/03/energy-independence-a-short-history/ https://foreignpolicy.com/2012/01/03/energy-independence-a-s...
- yowlingcat 6y agoThanks for the context. I think the second one explains what you're trying to say better. I think one can agree with the spirit of Carter's message while remaining skeptical of how practically it's stood the test of time. Unless I'm misunderstanding you, doesn't the last line of your second article seems to agree with GP's point? Can you describe what you're trying to say in more detail?
- sitkack 6y agoThose words would be that Carter was a leader who was looking for the American people. Regan reversed Carter's actions, got us more dependent on foreign oil, deepened our relationship with the Saudis. Rolled back efficiency standards and as a show of arrogant bravado, removed the solar panels that Carter had installed on the Whitehouse. Not sure what Bush the GP was referring to, but what kind of revisionism claims that either Bush moved us towards energy independence. It is important to recognize how we got into this mess and who the literal and figurative actors are.
- cma 6y agoThe US is essentially part of OPEC now already. They legally can't be without going through congress, so they just called it OPEC+.
- adventured 6y agoIn OPEC+, the plus is for Russia, not the US. Russia has been directly coordinating with OPEC on market supply matters. The US oil producers don't coordinate well with OPEC. It has been an ongoing problem that OPEC has been endlessly complaining about for many years.
- cma 6y agoAh, I guess I misread that. Some article talked about how we were able to coordinate on the reduction even though congress had some moratorium on negotiating with OPEC, and I thought it was through that technicality and that OPEC+ was created specifically to work around it.