Why hasn’t the US experienced the pain of the 1970s Oil Shortage? This is baffling to me. Gas prices have barely spiked.
because prices are fake and gay and completely divorced from actual supply
we don't get our oil from iran, stupid niggerfell for it again.
>>533716873Because we became an energy exporter. Alaska, Fracking, off shore drilling.
>>533717054Basically this
Because my house has solar panels, we don't need that black blood of the earth
Um... excuse me. There is something I'd like to say...
>>533716873everyone drives electric cars now, abdul
>>533716873I'm frustrated.
>>533716873We bless Israel so The Lord blesses us
>>533716873not how any of this works. ND has the ability to triple current us supply within a year alone. nevermind TX or AK. We only pretend to need the world's supply to play nice. 10 years ago we could drill and move the rig twice a year. probably more efficient now. Oil scientists back then said we have some 100 to 300x the oil there claimed due to faster than anticipated regeneration. it's all fake and gay anon.
>>533716873It's almost as if 90% of our oil arrives from North American pipelines that can't easily be repurposed to serve the international market and are thus dampened from global oil market impacts.
>>533716873Because we were more reliant on imported oil from the rest of the world in the 1970's than we are now. The oil we import today mostly comes from Canada.
>>533717853>Everyone: Jesus is the cornerstone>Evangelicals: Not so fast!
>>533716873Damn orange fool
Its almost like the plan people have been saying for decades now: that the US is engineering a situation where we have all the oil and can use oil as a weapon against our enemies, was true and we are actually doing it.Total burger victory.
>>533718166Boomers worship niggers and kikes. It seems as though the more/longer we bless israel, the worse America gets.>bless israel>become a nigger-infested, feminist, kiked shitholeWOW! SO MUCH BLESSINGS!
>>533716873It's better to burn out than to fade away!
>>533716873Because the tankers which made it out of Hormuz just before this mess started have just now unloaded in US ports. The real pain will start once that oil has run through refineries.https://www.youtube.com/watch?v=f353QO5Dgus
>>533717820ORANGE NIGGER
The last imports of ME crude to the US have just arrived last week. As these supplies get used up, US refineries are going to slow production and costs for petrol and diesel are going to increase.As the situation continues, US crude is going to be diverted to overseas refiners. Even if the US forbids these exports, as other countries have done, we will see price increases in other goods, because we have a globalized economy, and cargo ships bringing sex toys from China will have to buy bunker fuel in China, which will cost more. The economy is globalized and the local increases in energy prices will cascade to everything.Setting aside that, there are the other petroleum products that the chud is too stupid to consider: fertilizer and plastics. We've already seen major shortages of PE and PETE for manufacturers in Asia. We're looking at a major shortage of fertilizer. While the US may dodge famine, food prices WILL increase substantially this summer, and we will likely see shortages for which replacement goods are available ( but more expensive).Trump will leave office the most hated politician in US history.
>>5337168731) The US is a net oil exporter. This was not true in the 70s.2) Most people have options for working from home and so they're able to reduce gasoline usage in response to high prices. This was not the case in the 70s.3) There are tons of options for entertaining yourself at home, so people can reduce gas usage in response to high prices without sitting around all day and being bored. This was not true in the 70s.4) Technology exists to blend ethanol into gasoline. Ordinarily this is more expensive to due, but when gas prices are high we can replace up to 15% of the gasoline supply with ethanol. This was not possible in the 70s.5) We can now make some petroleum products out of things other than oil, such as biodiesel. This was not true in the 70s.6) We have a greater capacity to interconvert between grades of fuel. IE, it's now possible to convert diesel into gas with pretty high efficiency. This was not true in the 70s and, when combined with points 4 and 5, allows the conversation of non-oil feedstocks into fuel, then the interconversion of other fuels to whatever there is a shortage of. This was not possible in the 70s.
>>533716873I FUCKED YOUR MOTHER TODAY
US can just print money until the crisis ends like during COVID.
>dun dun>i killed your baby today
because of the shale revolution.Seriously, if you're American you need to at least know that, how the fuck do you make sense of any foreign policy of the last 20 years otherwise?
>>533716873>1970simplying more than 53 days
>>533716873orange
>>533716873>he was right all alongI'm sorry..
>>533716873THE TANGERINE IDIOT
>>533716873I'm sorry, you were right, will you ever forgive me?
>>533716873Have you heard a single news article mention OPEC recently? They have completely lost their control over the oil market. Zero relevance whatsoever in current year. In the 1970s, they basically ruled the world.Also, Saudi Arabia's cross-country pipeline appears to be working tremendously well. Most of the oil that would usually go through the hormussy is being pumped to the Red Sea.
>>533718548Um but that hasn't happened right this second so you lost tranny
>>533716873Has anyone here tried making orange fools before? Are they any good?
>>533719661The average burger is a retard that only pays attention to sportsball and Hollywood
>>533716873That was the plan. OPEC crisis only happened because the cheap low tech oil boom in north america mostly ended.Now OPEC can get fucked in the ass with SAGD and fracking.
>>533716873The last of the strategic reserve is being drained to keep Trump popular.
>>533716873different transportation means
We have built our economy around subsidizing the profits of oil/gas companies... who happen to be the most profitable companies in the world.
>>533716873Are you retarded? The US bought off opec or destroyed anyone that stood in their way
>>533721957Look, if the oil/gas companies don't make the maximum amount of profit possible, how are the CEOs/COOs/board members supposed to pay for their son that they never see to go to rehab for the fifth time? Rehab's expensive, especially the good ones.
>>533720861"But I did eat breakfast this morning"-pilled.
>>533717054This same with the silver supply. When it rains it pours. This will NOT end well.
>>533718962That's stagflation retard. Diluting your currency won't let you purchase more oil when the fundamental problem is that there's less of the stuff available.
Oil and gas prices are exploding right this very moment. It held, until it didn't.
>>533716873Two more weeks
>>533717773I don't know what this is, but let's nip this reaction image in the bud before you try making it a thing.It's not gonna be a thing. I will not allow it.
>>533723471>I don't know what this isIt's Tom Lizard from the movie Hoppers. I watched it on the plane last night.
did based townsends make another mild criticism of donald to create another decade of migger seething?
>>533716873What do you mean? Its WW3 for the fifth time, the drafted started 2 weeks ago and the United States will run out of missles soon in another 2 weeks!>its almost like everything we're fed is fake and gay
>>533716873What >>533717054 said. If you want real prices look up dated brent. I'll do the needful if you're too lazy. Notice how there's a large premium above futures.https://www.eia.gov/dnav/pet/pet_pri_spt_s1_d.htm
>>533723318It's still way under the real price. The physical price of oil is like 150 per barrel right now and the paper is like 97 or some shit. Same with silver. The paper market says silver is 78 dollars an ounce but the real adjusted for inflation and supply demand would put it well over 300 an ounce. Paper games.
>>533727411The difference between oil and silver is the size of the reserves or de facto reserves compared to the industrial demand. Both oil and silver are now operating at a deficit but we will have oil shortages this year. They can’t hide it much longer it’s already happening pretty much everywhere else in the world
>>533716873>Why hasn’t the US experienced the pain of the 1970s Oil Shortage?Because America praised Israel, therefore God gives oil to Americans.
>>533727411Yeah markets are broken. I've seen it before.
>>533717773NIGGERS!
>>533716873>I RAPED YOUR MOTHER TODAAAAAY!!!!!!!!!!
All of my SEA flights have been canceled and the stock market is literally ignoring the jet fuel shortage like nothing is wrong. We're all fucked. We are so fucked. It's all fucked. What did these epstein-eglin leaders do
