Today's news about Iran opening the Strait of Hormuz dropped oil prices 13% overnight. That one fact reminded me how exposed American consumers are to Middle East decisions despite the U.S. being the world's largest oil producer and net exporter.
That contradiction made me ask, why does that vulnerability still exist?
I didn't know Norway has a majority government owned oil company called Equinor that operates commercially while stabilizing domestic consumer prices until an AI chatbot told me this. The U.S. already does this with power through the Tennessee Valley Authority since 1933.
So the genuine questions I can't answer myself – "is there a legitimate policy or economic reason the U.S. has never seriously considered a similar hybrid energy model? Or is the barrier something else entirely?"
Not looking to confirm anything. Actually want to know what I'm missing.
https://som.yale.edu/story/2023/new-case-study-equinor
Posted by jerkenmcgerk
8 Comments
because america is an extremely right wing ideologically zealous capitalist country and culture. to even say that out loud, let alone to seek to change it is “getting political”, a violation of our most sacred taboo.
look at where the exception you noted came from.
How can you even ask that question? Are you a communist?
It’s because oil companies make a little more money that way. We produce good quality oil, but we process shitty oil. Cheaper to buy shitty stuff and make more money send out that sweet sweet texas stuff. Better both ways for anyone but American consumers. TLDR buy electric
You missed Biden’s and Obama’s entire administrations evidently, look into it. Tramp has been trying to dismantle everything. California and a few other states have been pushing green energy initiatives for decades now in addition to the federal programs.
It can be a bit dangerous, depending on how well you do it. You can end up with massive overproduction.
Greed Term Limits would fix it
It’s profit driven for the oil wealthy class. They will scream capitalism but then in reality OPEC sets the market like a monopoly. They don’t care as long as they get rich.
The people in the US could change it by voting but the same wealthy class controls enough media they convince them it’s bad and here we are.
The best way to beat it is to go to alternative energy. They fight this too, but the rest of the world will show the way.
Socialism is not an American value. One years low prices are another’s government waste