31–40 of 135 posts
I dont have all the data but from what I've heard this is pretty temporary.
Earlier quoted context omitted.
Hmmm ... I'm pretty sure Axios's whole pitch from the beginning has been speed and succinctness.
You seem to be correct, at least according to Wikipedia. I may be confusing it with something else similarly named, or exaggerating how Axios on HBO got some exclusives? Not sure. As a side note, I wasn't aware of the following info (again from Wikipedia) but it kinda explains the OP article to me a little more: >In January 2017, Axios hired as an executive vice president Evan Ryan, the assistant secretary of state f…
Connecting otherwise unrelated dots is the foundation of conspiracy theories, not fact, and (if Wikipedia is accurate) that was five years ago.
It should be noted that the price of oil has only been increasing in 2021. We were somewhere around $60 in Feb of last year, now we're over $90 [0]. When oil prices go up, expensive development processes become more viable. So this drop in production is purely domestic policy, not economics. That makes the article seem all the more out of touch to be published now, aside from making dumb statements about price of oil not impacting us as much. Throw in a token nod to the questionable Ukraine crisis. Yeah, this article seems like someone from the White House called in a favor.
This is a weird article. It is short and lacking detail, does not link any sources, and presents its data as if it's a first (it is not[0]). It reads, to be honest, as propaganda, especially considering the current rise in consumer prices for fuel and news about Saudi Arabia refusing to increase production[1]. What is the purpose of this article and why is it on the front page here? [0] https://www.eia.gov/energyexpl…
Producing more oil than you consume does not, as the article claims, make you truly energy independent. The US will always have to import oil from other countries to meet its needs, because not all oil is the same, and the type of oil that the US produces is not the type that it needs. For a better understanding: https://www.api.org/news-policy-and-issues/blog/2018/06/14/w...
A better argument would be whether there are any restrictions at all that, during a world shortage, would prevent companies producing oil from exporting it to other parts of the world to the detriment of local US consumers. There aren't, so the US isn't independent on anything: the regular citizen will get priced out of the market regardless of their need the moment there's profit to be made elsewhere.
https://en.wikipedia.org/wiki/Energy_Policy_and_Conservation...
https://ballotpedia.org/Crude_oil_export_ban
It didn't seem to affect retail fuel prices very much either way.
Can someone explain why during the start of Covid lockdowns, gasoline prices didn’t drop to $1.00/gallon? There was no demand, and plenty of supply. The simple supply/demand curve of my high school economics memory, seems to imply prices should have taken a dive to virtually zero. Sure they went down, but nowhere near what the models I’d learned would predict. Just a rant that lit up inside my brain every time I fill…
Can someone explain why during the start of Covid lockdowns, gasoline prices didn’t drop to $1.00/gallon? There was no demand, and plenty of supply. The simple supply/demand curve of my high school economics memory, seems to imply prices should have taken a dive to virtually zero. Sure they went down, but nowhere near what the models I’d learned would predict. Just a rant that lit up inside my brain every time I fill…
https://gaspricesexplained.com/#/?section=whatconsumers-are-...
Refiners can also switch to diesel and/or heating oil which appears to be in just as high as demand as before Covid.