7 ms·
As someone who doesn’t actively hate the environment: The scheme to lower gas prices by “opening up drilling” is hilariously naive. If anything is going to mak
by mullingitover 2y ago
As someone who doesn’t actively hate the environment: The scheme to lower gas prices by “opening up drilling” is hilariously naive.
If anything is going to make gas cheaper it’s demand destruction via increases in EV sales. The oil industry isn’t going to flood the market and torch their profits for Trump.
- jeffbee 2y agoCrude is currently bordering on free and domestic production has never been higher. There are no levers the American government can pull that would lower prices on the supply side. As you quite rightly point out, the only thing that can lower fuel prices is on the demand side.
- zahlman 2y agoI don't think it's about trying to lower prices; it's about energy independence, and about allowing American business to profit off of prices being where they are.
- mullingitover 2y agoGreat, that already happened. The U.S. has been energy independent since 2019[1]. I think what people are actually looking for here are government handouts. The only countries with cheaper gas are ones who heavily subsidize prices. [1] https://www.eia.gov/energyexplained/us-energy-facts/imports-and-exports.php https://www.eia.gov/energyexplained/us-energy-facts/imports-...