I'll admit it — part of me hopes oil prices remain elevated for a while. The 1970s oil embargo was actually a turning point that opened the door for fuel-efficient Japanese imports to take off in the US. Could a similar shock today do the same for EV adoption? High gas prices seem like one of the fastest ways to change consumer behavior and accelerate the transition. Anyone else feel this way, or is that too cynical?
side note, i do find it funny watching trumpers driving big trucks that now cost 5 bucks to drive every 10 miles, thats winning!
Am I alone in hoping oil prices stay high?
byu/Responsible_Lake_500 inenergy
Posted by Responsible_Lake_500
23 Comments
Lots of hungry people when that happens
You are forgetting the non-fuel uses of oil. For example industrial fertilizer. It’s not an accident food prices went up when Russian oil was sanctioned in the wake of the Ukraine invasion
Another reason is the midterms. I don’t know how long Iran can last in a ground war but dragging it out until November would cause the GOP problems.
Nope, not alone. Chaste makes haste. I want change in this country, and high gas prices get people’s attention. I live in a very expensive part of CA and we haven’t even cracked $5 yet.
Nope, keep going up please.
The company I used to work for designed railcars, and they were always hoping for $150/barrel because that means the train companies can charge more for hauling, and they’ll pay for new cars. I always thought it was kinds fucked
Definitely not alone, let these idiots keep bending over and taking it, since this is exactly what they voted for
I’ve had conversations with my father about all this and fully recognize that at least one generation is going to have to suffer to make good forward movement to renewables. Might as well be my generation.
Conservative oil wife here, we LOVE when oil prices are high.
The real benefit is that it’s a fair incentive.
Decarbonizing generally mean paying more for the same service. But since everyone is affected by oil prices, at least, it won’t lead to industries relocating elsewhere.
There’s definitely a lot of downstream effects on people from high energy costs but it is probably best for the planet and the people of the future. Someone mentioned high oil costs impacting the poorest people the most but I guess you have to weigh that against desertification and future damages.
High energy costs are probably the most effective way to get people off oil. You have kind of a tragedy pf the commons or prisoners dilemma or something if you have everyone voluntarily reduce greenhouse gas emissions. The deep changes we need to make would make any one country non competitive if they adopted them, so instead most major countries are slow rolling the transition. While there are winners and losers, there is a kind of fairness to universally high fuel costs.
You are not alone in that thinking. The stupidity is that this administration cancelled wind and solar projects/ incentives before launching a war impacting oil.
Definitely not
I mean the average in the US hasn’t really changed much yoy. The straight of Hormuz mainly effects Asia and to a lesser extent Europe
You are sick
The middle class and poor will suffer and become poorer in the process…
Yes maybe it leads to some changes in the future, and surely some people will get filthy rich from it – but overall the majority of people will suffer…
I work on a drilling rig. The higher oil is the less my account feels high prices. Hold it at $100 for a year or two, I dont care.
As far as EV adoption, it will never happen when our economy relies on oil. Oil is here to stay.
No, your not alone but people have different reasons. I for one, being a US Citizen from birth would like America to be humbled and I’m sure I am not alone.
Going from a gas vehicle to a more efficient gas vehicle is a lot easier and simpler than going from a gas vehicle to an EV. The people most affected can’t afford to do that.
Not alone, but a tiny minority. Japanese cars were also cheap in the 1970s, EVs are not. People getting killed with high gas can’t afford the alternative.
I don’t hope for high gas prices but do find it funny that US car companies are always one step behind. When people wanted EV’s they didn’t have any. Now that demand may rise, they are cancelling them.
There are a lot of folks who are already treading water financially, and while this Iran situation is bad for everyone, it’s especially bad for them. But to your point, here’s hoping we all learn from this and vote differently. Assuming we get the opportunity to do so.
High prices will drag down the entire economy. Your hopes should be on changing our leadership who appreciates renewable energy.