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That doesn't work in a global market. Never has. It merely shuffles who sells to who an who starts holding . Give that it could actually drive the price higher
by jnordwick 4y ago
That doesn't work in a global market. Never has. It merely shuffles who sells to who an who starts holding . Give that it could actually drive the price higher domestically and abroad and invite retaliatory actions, this is a Great Depression style bad idea.
The energy markets are global. You the product flows between countries easily, and the the only real differentiation is on grade, and plants have been and will be refitted for to match.
So you don't want to sell to me, fuck off the I'll go buy from this other guy who's been trying to sell to me anyways. Now, that other guy doesn't have enough, but I don't care because he doesn't look like me. He's able to buy from your neighber. And you've been nice to him selling to him when he needs it, but now you start to wonder if you're natgas that you invented is really just indirectly winding up with that Brown family. hands? So you cut everybody else of 100% . Then you noticed your family is also out of that good taqsting lng. In you son's and daughter's rooms you find out they're just storing it.
You ask them about it and they said if it was a little lower priced they'd use it themselves, but at this price, they want to sell to the Brown people. Its like the price of lng was at some magic equilibrium where is was perfectly balanced between price and marginal utility. So now you have less lng than before, and it is even more expensive for what you get.
You've had it. The're going to do what they should morally be doing anyways and sell some to this family unit at the price I demand they should sell it. You march into their rooms, grabs their supplies and congrats on taking anothher important step towards socialism. And all because you just didn't want the Browns to have any of what you had.
- photochemsyn 4y agoThere was a ban on crude oil export from the United States from c.1975 to 2015 (when Obama and Biden lifted the ban in cooperation with Republicans, as I recall). How does that play into your 'it never worked' concept? https://ballotpedia.org/Crude_oil_export_ban https://ballotpedia.org/Crude_oil_export_ban Notably, opponents of lifting the ban argued doing so would jack up domestic gasoline and diesel prices...