Monad Portal
Was it me?
well, if you must.
Currently the U.S. is the top oil producer in the world.
- Thread starter gemini104104
- Start date
well, if you must.
Monad Portal
Was it me?
No, he didn’t, that’s a Fox News talking point, Polly
I don’t understand why going green is seen as a war on fossil fuels. The horse and buggy was slowly replaced by the car. No one is complaining about that.
well, that’s sad, maybe someone can help you?
Monad Portal
Was it me?
I was hoping you could make a plain statement of what exactly you're trying to say.
You can't because you have no point. or just do it.
Monad Portal
Was it me?
Monad Portal
Was it me?
The bottom line is dems are for high prices to discourage use, maximize profit, and for elites to hoard fuel for their private jets and personal compounds.
Nope, you’re imagining things, again.
Monad Portal
Was it me?
wrong.
High Oil Prices Can Help the Environment
October 25, 2021
High Oil Prices Can Help the Environment
By Jeffrey Frankel for Project Syndicate
CAMBRIDGE – Prices of fossil fuels increased sharply in October. European prices for natural gas hit a record peak. Prices for thermal coal in China have also reached all-time highs. The price of US crude oil is above $80 a barrel, its highest level in seven years, prompting US President Joe Biden’s administration in August to call on OPEC and other major oil-exporting countries to increase production.
Although these high prices partly reflect country-specific factors, there must be some more fundamental cause. After all, as with fuel prices, indices of mineral and agricultural commodity prices have also recovered from a six-year slump, re-attaining their 2014 levels. The long-standing correlation of different commodity prices suggests a common macroeconomic explanation. And the obvious reason why energy prices have risen in 2021 is rapid global economic growth.
But what are the environmental implications of elevated fossil-fuel prices, specifically with respect to the fight against climate change? The question is particularly salient as officials from over 200 countries prepare to gather in Glasgow for the UN Climate Change Conference (COP26), where they are expected to declare their intention to achieve net-zero carbon-dioxide emissions by 2050.
On one hand, the effect of high oil, gas, and coal prices on consumers is good for the environment, because they discourage demand for fossil fuels. On the other hand, the effect of high prices on producers is bad for the environment, because they encourage supply.
But today’s higher fossil-fuel prices have so far provided a weaker-than-expected stimulus to private investment in the sector. This suggests that firms may have reached a tipping point in how seriously they take the need to combat global warming. They know a green-energy transition is coming.
Now might therefore be the right time for the United States to reconsider a carbon tax or a (largely equivalent) system of tradable emissions permits, also known as “cap and trade.” Currently, much of the revenue from higher oil and gas prices goes to Russia, Saudi Arabia, and other foreign producers. Why not keep this revenue at home? The proceeds of the tax or permit auction could be returned as a dividend to citizens by cutting other taxes, thereby maximizing the scheme’s political acceptability.
The important point is that putting a price on carbon would be by far the most efficient way to achieve the CO2-emissions reductions necessary to limit global warming to 1.5° Celsius, relative to pre-industrial levels.
https://environment.harvard.edu/news/high-oil-prices-can-help-environment
Monad Portal
Was it me?
The envrionmentalists are on the same side as big oil.
