If everyone switched over to electric, it would bring the electric grid to it's knees, unless you install a big-ass solar system in your house.You best enjoy $2 bucks a gallon while you can.
Now is the time to dump your gas guzzler and go electric before it hits $6 bucks a gallon.
Your logic is a tad faulty. Oh, no doubt we're headed for 4 buck a gallon for regular gas. Wanna make a guess on where diesel is headed. Restrict hydrocarbon access in America the supply pipe gets smaller and prices go up. It sounds like you want to return the days of yore when the headlines would read "EXXON sets new quarterly record for profits" Exxon's pricing model, by their own admission is built for high prices. The more raw materials cost them - the more they profit! To hit $4.00 per gallon for regular the price for raw materials has to grow considerably. For the price of raw materials to rise significantly demand has to exceed the ability to supply. Being as none of the oil producing nations seem willing to do that to the extent it drives a supply/demand imbalance to create $80.00 a barrel pricing. However should you cripple the largest oil producing nation such that it does create such a supply/demand imbalance that drives the per barrel cost to $80.00 a gallon. Root of that problem. The U.S. will be crippled. Our dollars will then, once again, be sent abroad to purchase what we were/are capable of producing. You'll get part of your wish and some U.S citizens will indeed profit wanna guess who that might be? A clue... it won't be me and you.When oil hits $80/barrel again there will be lots of Texans making money and spending money. I won't complain about $4/gal if it helps the local economy. My biggest concern is not the price, but whose pocket the money is going into. When our gas is made from Arab oil, we are transferring money out of the US. Make it here, pay for it here, keep the money here. Same principle holds true with Chinese junk products.
Watch our oil recovery infrastructure be systematically dismantled forcing our supply offshore. Watch the U.S. become dependent on foreign states for that oil. Watch the oil embargo cripple the U.S. economy. Watch interest rates exceed 20%. Watch inflation exceed 12%. Watch unemployment reach historic numbers.Watch for an added environment tax to fund gov. Motors EV.
Go electric? How exactly is the electricity produced - certainly not by solar power, rather by fossil fuels is more likely. Anyway, how many electric charging locations are there and how long does it take to recharge as opposed to gassing up.You best enjoy $2 bucks a gallon while you can.
Now is the time to dump your gas guzzler and go electric before it hits $6 bucks a gallon.
Your logic is a tad faulty. Oh, no doubt we're headed for 4 buck a gallon for regular gas. Wanna make a guess on where diesel is headed. Restrict hydrocarbon access in America the supply pipe gets smaller and prices go up. It sounds like you want to return the days of yore when the headlines would read "EXXON sets new quarterly record for profits" Exxon's pricing model, by their own admission is built for high prices. The more raw materials cost them - the more they profit! To hit $4.00 per gallon for regular the price for raw materials has to grow considerably. For the price of raw materials to rise significantly demand has to exceed the ability to supply. Being as none of the oil producing nations seem willing to do that to the extent it drives a supply/demand imbalance to create $80.00 a barrel pricing. However should you cripple the largest oil producing nation such that it does create such a supply/demand imbalance that drives the per barrel cost to $80.00 a gallon. Root of that problem. The U.S. will be crippled. Our dollars will then, once again, be sent abroad to purchase what we were/are capable of producing. You'll get part of your wish and some U.S citizens will indeed profit wanna guess who that might be? A clue... it won't be me and you.
Your logic is a tad faulty. When the price of oil rose to a point where shale producers could make money given the extra cost of drilling, rig counts went up, people got good jobs, and for a while the US produced more oil than it consumed. OPEC then increased production to drive US shale producers out of business. Many of my friends lost their jobs.
So... you're saying, I think, that the supply/demand equation still works - if unimpeded by outside sources. To defeat the supply/demand equation, by any means other than supply or demand, tilts the market in predictable ways. The biden admin has taken the first step in restricting the oil industry with the canceling of the Keystone XL permit. Shutting down federal lands will be the next piece of legal footwork that will come into play. By limiting, through regulations vs the open market, supply will be altered - reduced. Once artificial demand is implemented, by way of regulated supply, prices will go up. However, due to regulations, the U.S. oil industry will not be allowed to respond by increasing production.
All we can do now is watch - either you're right or I am.