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Originally Posted by Wyzz Kydd
Right! They were just building that pipeline for the hell of it. It wasn't really needed. Companies routinely drop billions on infrastructure they don't need.
Right again. Oil companies never drill, because it takes so long to reap the benefits. They just stand there and hope oil will shoot out of the ground.
BTW, you do know that multiple members of the current administration have stated that we need to see higher gas prices to help motivate people to buy EVs? One just recently said this was a 'great transition.'
It's pure coincidence that after they took office prices went up?
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Man, did you forget about Worldwide COVID as well as China's ongoing industrial revolution? China has a huge population and is experiencing such a rapid development that were it not for COVID shut downs, they'd be putting more and more vehicles on the road every day at a staggering pace (gas demand increase). That in itself will push up global demand for gas. Add worldwide COVID quaranteens and shut downs that we started to emerge from in 2021, and you have massive demand increase. Gas prices can only go up.
But I'll throw you a bone and acknowledge that there may be some desire to push American's toward electric vehicles by allowing gas prices to remain high. Who remembers the 2x price rise in gas in the year that followed hurricane Katrina? At the time we had the vast majority of Americans driving truck-frame-based SUVs that were gas guzzlers, and with no interest in doing anything toward trying to conserve gas to mitigate global warming. But when the gas price (87 octane) went to $4.25 to 4.50 a gallon, people started jumping out of windows, selling their SUVs, and buying more fuel efficient cars, and hybrids. Do you think that lesson was lost on our politicians? It's hard to motivate humans to willingly undergo change, as well to put other's needs ahead of their own. Gas price may be one of the levers to provide change.