Robert Rapier’s article on energy independence was recently mentioned in a TikTok video, in this article he deals with the reactions that it provoked.
. As I write this, the video has over 160,000 views and more than 2,000 comments — some of which were a sight to behold. In today’s article, I want to address some of the comments, as well as some email correspondence I received about the article.
So, whether you believe it or not, the numbers are there for anyone to see. Regardless of how strongly you may hold your beliefs, if facts don’t conform to your beliefs and you don’t adjust those beliefs, that just makes you wrong.This was explicitly addressed in the previous article. The short answer is that the criteria under which we were declared energy independent under President Trump was that we produced more energy than we consumed. Per that definition, we are still energy independent.
Let’s address then the spirit of the question, which is “Why aren’t my gasoline prices lower?” The main reason is that supply is only part of the equation. If supply expands, but demand expands faster, then you will pay more even though supply grew. When governments shut down schools and businesses in 2020, demand for gasoline collapsed. Oil production dropped sharply in response, but oil prices fell so much, they literally closed in negative territory one day. By May 2020, gasoline prices had dropped below $1.80/gal. So, the reason prices were briefly under $2.00 under President Trump is that Covid-19 crashed the economy. This was not actually a good thing.
We already set new records for natural gas production in 2021 and 2022. That, along with the growth of renewables, are the main reasons we are still producing more energy than we consume.One person claimed that I am a Biden supporter, and several others made various unsupported claims that my motivations are political.This is about the laziest possible argument you can make. First, it’s wrong. I am a registered Independent.
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