Trump's goal of 'energy dominance' could change the global balance of power

Bar Sinister

Bar Sinister

Executive Branch Member
Jan 17, 2010
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All I am seeing is that increased US production will blow the current price of oil out of the water. With low prices will oil companies have the incentive to go after more oil? And then there is the coming green energy revolution. As more and more solar and wind installations come on stream the demand will be even lower. The US might have oil dominance, but will anyone really care?
 
Walter

Walter

Hall of Fame Member
Jan 28, 2007
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Bar Sinister said:
All I am seeing is that increased US production will blow the current price of oil out of the water. With low prices will oil companies have the incentive to go after more oil? And then there is the coming green energy revolution. As more and more solar and wind installations come on stream the demand will be even lower. The US might have oil dominance, but will anyone really care?
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Wind and solar will achieve dick until oil and gas a coal are depleted, which will be in about...never.
 
mentalfloss

mentalfloss

Prickly Curmudgeon Smiter
Jun 28, 2010
39,794
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Bar Sinister said:
All I am seeing is that increased US production will blow the current price of oil out of the water. With low prices will oil companies have the incentive to go after more oil? And then there is the coming green energy revolution. As more and more solar and wind installations come on stream the demand will be even lower. The US might have oil dominance, but will anyone really care?
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Right.

Higher supply in the US means the price will go down just like it does when OPEC pumps out more than they should. Driving the price down is bad for exporters of oil, like Alberta.
 
captain morgan

captain morgan

Hall of Fame Member
Mar 28, 2009
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A Mouse Once Bit My Sister
Bar Sinister said:
All I am seeing is that increased US production will blow the current price of oil out of the water. With low prices will oil companies have the incentive to go after more oil? And then there is the coming green energy revolution. As more and more solar and wind installations come on stream the demand will be even lower. The US might have oil dominance, but will anyone really care?
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That is hilarious.

You've been predicting this for years, yet here we are with nothing to show for it other than Solyndra.

PS - How you liking your electric car?.... Oops, that's right, it ain't practical for you to have one
 
Murphy

Murphy

Executive Branch Member
Apr 12, 2013
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Hoid said:
you'll have to forgive Walter, he's a little scatter brained
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Somehow, I see your dislike of Trump, albeit not as bad as OB's, as a problem, Waldo. You really should pay more attention to your lessons and spend less time being so negative.
 
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