Quote from: K-Dog on Feb 12, 2024, 04:41 PM

QuoteEffective immediately and subject to limited restrictions, U.S. producers may begin exporting crude oil to overseas customers.

On December 18, 2015, the President signed into law the massive Consolidated Appropriations Act of 2016, H. R. 2029, which previously passed both Houses of Congress with large bi-partisan majorities. An important part of this act is a provision that repeals the 1975 law that generally prohibited the export of crude oil produced in the United States.

The purpose is to enrich a small minority and to use oil exports as a weapon for the exclusive use by this same small minority.

Well, rich folks ain't in the business of getting poorer. Or less influential. Strikes me though that this new US oil comes from more than a few companies. Are you referring to them as the folks getting rich, and developing this oil for geopolitical reasons? Politicians would seem to be excluded in this scenario. Other than getting their kickbacks and campaign contributions for delivering for their wealthy oil company owning constituents.Harold Hamm was all over that wanting to export idea.

Quote from: K-DogEnough oil can be pumped so the U.S. elite can keep the price low and PARTY ON.

The price isn't low. There was once a time when $30/bbl was SCREAMING expensive, and Yamani himself was worried about exactly what happened in the 80's...crashing demand with screaming high $30/bbl oil prices...he got fired for masterminding the resulting price drop in 1986. But it worked...demand came back.

Oil prices look to have been assimilated pretty readily into the current economic conditions, certainly EV owners don't give much of a crap about liquid fuel costs. Sure increased fuel costs contribute to rising goods transportation costs in general, but Americans are already acclimated to that. Doesn't bother RE in the least, based on his living conditions, doesn't bother me much, are fuel price high around Seattle compared to the rest of the country? You've got to admit, 6 years after global peak oil NO peak oilers would think every one would be running around with plenty of fuel at reasonable $2.40/gal and as much as you might want for your pick-me-up truck.

Quote from: K-DogIf oil gets expensive many U.S. elite will lose their jobs. 

Wasn't Obama reelected in 2012 with sky high oil prices? Didn't seem to bother him much. And those prices were far higher on a nominal basis, let alone real basis. Fuel prices are important, but they aren't everything.

Quote from: K-DogThis is what Americans vote for:    because it is good for our elites, it kills people.  And that is all that matters to the brain dead.

Never in my life voted for some political hack offering to make a deal, so I presume this idea is more theoretical than not? All politicians promise deals, rarely do they deliver which is known by everyone in advance, as there propensity for lying is endless.