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Ask HN: Would mining for oil in the United States again bring down gas prices?

2 points by greatjack613 4y ago

I have been wondering what would happen if we would start mining for oil again in the United States, would it bring down gas prices? As for environmental concerns I don’t think we are any worse the having another country mine the oil and then send it over, in fact the transport costs makes it probably twice as worse in terms of the environment. So why don’t we just start mining for oil again here?

uberman 4y ago
The US produces 16.582 million barrels of oil per day. In fact, it exports more than it imports making the US a net exported. Can you clarify what do you mean by "start mining for oil again"?
incomingpain 4y ago
Would increasing supply of a commodity decrease it's cost? Yes, obviously. >As for environmental concerns I don’t think we are any worse the having another country mine the oil and then send it over, in fact the transport costs makes it probably twice as worse in terms of the environment. So why don’t we just start mining for oil again here? You will notice over the next 5-10 years climate change is going to go away as a subject. It won't go away permanently, but it's going to a non-subject. Most climate change graphs start around 1850 because solar activity went into the https://en.wikipedia.org/wiki/Modern_Maximum https://en.wikipedia.org/wiki/Modern_Maximum https://en.wikipedia.org/wiki/Solar_maximum#/media/File:Sunspot_Numbers.png https://en.wikipedia.org/wiki/Solar_maximum#/media/File:Suns... We haven't named the new cycle we entered around 2010. We don't want to mislead science deniers into thinking the sun is involved in climate change at all. https://en.wikipedia.org/wiki/Global_warming_hiatus https://en.wikipedia.org/wiki/Global_warming_hiatus Yes there has been a hiatus in global warming, it's just coincidence that climate change started during the modern maximum and now that we exited the solar maximum and entered a yet unnamed minimum and global warming stopped. It's pure coincidence. What's going to happen is that we just drop the subject for some time. We muddy the subject by saying it was el-nino.
- logicalmonster 4y ago
  > You will notice over the next 5-10 years climate change is going to go away as a subject. I think this might be the case, albeit for a very different reason. Spending time worrying about "climate change" is a luxury people can have when economic times are good. Only the most out of touch in the media class are going to fret about climate change when normal people are in bread lines and the currency is imploding, as may be the case over this time frame. PS: I think your idea is generally close to correct and that climate change has a bit more to do with the sun, but I'd keep my mind open on this.
  - incomingpain 4y ago
    >Spending time worrying about "climate change" is a luxury people can have when economic times are good. Only the most out of touch in the media class are going to fret about climate change when normal people are in bread lines and the currency is imploding, as may be the case over this time frame. Current economic crash YTD is still in progress of crashing. It has already wiped out more wealth than dotcom and financial crisis combined already. Looking at what hasn't crashed... it looks like major military mobilizations. https://twitter.com/greg_price11/status/1525161726643257344 https://twitter.com/greg_price11/status/1525161726643257344 At a time of war... this isn't yemen, syria, or somalia. This is a high ranking democrats outright asserting the USA is at war with Russia. >PS: I think your idea is generally close to correct and that climate change has a bit more to do with the sun, but I'd keep my mind open on this. Climate change is war propaganda from Russia.
PaulHoule 4y ago
According to Wikipedia, the U.S. is currently the world's #1 producer https://en.wikipedia.org/wiki/List_of_countries_by_oil_production https://en.wikipedia.org/wiki/List_of_countries_by_oil_produ...
has_cookies 4y ago
Great Video on the topic came out about a week ago by Wendover Productions: https://www.youtube.com/watch?v=AQbmpecxS2w https://www.youtube.com/watch?v=AQbmpecxS2w Should Answer your questions and fill the details.