Quote:
Originally Posted by Fundguy1
Ok, you are at least being rational. The facts however aren't entirely correct.
1. Gas prices aren't going up worldwide unless it's due to countries taxing it. Obama shut off 32% of the world's oil reserves. Since then they've expanded and now that 32% will be coming back on line. More oil cheaply gotten means lower prices worldwide.
2. EV isn't as efficient as its made out to be. It has its own set of environmental problems. At the same time, ice cars become increasingly clean and efficient.
3. Gas can come from renewable resources too. See Brazil.
4. Norway oil interest is down because it had been up due to Obama cutting of access to oil in the US. This made it prodirable. Now with those restrictions going away its not as profitable.
So many of the points you are making are valid, but missing context.
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We don't produce 32% of the worlds oil supply and haven't in any recent times. Even if Obama took U.S. production to zero he wouldn't have shut off 32% of the world's oil supply.
https://en.wikipedia.org/wiki/List_o...oil_production
Production while Obama was in office went up drastically. Roughly 5000 to 8000 barrels per day from when he took office until when he left. This came from fracking and the price of oil, not his policies.
https://tradingeconomics.com/united-...oil-production