View Single Post
Old 09-23-2022, 03:29 PM   #95
John Mercier
Senior Member
 
Join Date: Jun 2021
Posts: 2,906
Thanks: 2
Thanked 523 Times in 431 Posts
Default

Quote:
Originally Posted by DEJ View Post
Unfortunately elections have a direct influence on the price of basics.
No. They don't
Demand has a direct influence on the basics.

The 2018 EO allowing more LNG to be sent to Europe was capitalism as it normally works.

The shutdown of the 1M b/d of crude refining is capitalism as it normally works.

The scheduled shutdown of the Houston refinery at the end of 2023 will also be capitalism as it normally works.

A price cap... or a price support... that would not be capitalism as it normally works.

Releasing the SPOR was an attempt to avert capitalism... it might be working... but it will only be for a short period of time before it can no longer do so.

The industry has stated we need demand destruction to bring the balance back into line... so far... people have just been working on substitution.
Can't get gasoline... go to electricity... but then the grid can't handle the demand.

Europe is only going to reduce demand so much... and as long as they are willing to pay more for the energy than Americans, we will ship it there until we run out of ships.

I would hate to see this generation to have to deal with the war rationing that our Greatest Generation did.
John Mercier is online now  
The Following 3 Users Say Thank You to John Mercier For This Useful Post: