Oil company profits way up.....BP up 51% for 1st qtr

It was confirmed today we are on an incredible transition away from fossil fuels. Its all by design.

 

Its been known for a while that we are trying to transition from fossil fuels. I dont understand your statement 'It was confirmed today'. This is not new information.

 

The President had a press conference today and announced we (Americans) are going through an incredible transition away from fossil fuels.

Seems like he hasn't been out much in decades or he gets some bad advice

 

Can’t wait for all the fossil fuels to be gone we can freeze to death, sweat to death, and live in the dark.

 

According to the New York Times, the new Tappan Zee Bridge project was financed by borrowing....bonds, to be paid back by toll collections. There is no mention of proceeds from gas/diesel tax collections being used.

If you've been to NY recently, you would see not much money is going towards maintenance either. The roads are horrible. I see at least 3 cars on the side of the road with flat tires because of the potholes every day on my 10 mile ride on the LIE.

 

When oil companies can no longer invest in drilling and developing new wells along with associated infrastructure (guess why that is), what happens to that money? These alleged "windfall profits" are in part the equivalent of not buying food for a week while eating every single food item stored in one's home, pointing out how much was saved on groceries that week ,and then declaring to have discovered a new way to save money on groceries.

Where will the money come from to restart well development when the sanctimonious poverty-inflicting destruction stops?

 

I did choose a poor example, but I'll pick another - any part of the Federal Interstate Highway system that does not have tolls.
I'm also astonished to say this, but on my last trip up I-95, Rhode Island had the part in the best condition.

 

Regular gas in CT just before the Ukraine invasion was about $3.75/ga, from $2.40 on January 2021 (randomly selected date). What the Ukraine war has brought has just been the icing on the cake.

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=emm_epm0_pte_nus_dpg&f=m

 

If fossil fuels are eliminated? What is left is called a monopoly!
And the total inconvenience & rising costs will be mind-blowing!
Another hair-brain-not thought-out agenda!

I know it is thought out....but not for our benefit

 

Don't worry about the oil companies. Aircraft and ships will need oil for the foreseeable future. We will always need lubricants, and I doubt that we will be able to generate enough "green" power to provide for all of our energy needs anytime soon. I'm not planning to sell my Exxon-Mobil stock in the immediate future. Having said that, it is possible that my next daily driver will be a hybrid or an electric-powered car. It won't be a Tesla (until they develop a dealer network), but if an American auto builder gets it right, I would seriously consider one.

 

Reminds me of the late 2000s. When prices where high and oil companies were making record profits. Not strange at all. Nope not at all. Not price gouging at all. no sir. not one bit.

Just like in Rapid City, SD. One oil company controls the fuel coming into the area. so 98% of the stations are the exact same price. So when the gov said they were going to look int o price fixing in Rapid. Virtually, over night all the prices in town dropped. MMMM, also kind of strange. Of course the government never found any evidence of price fixing. I guess whom ever was looking into it was either blind, deaf and dumb or was getting greased as well.

Tim

 

The Government needs to put 110% into going green. At that rate, it will take 20-30 years or more to get the majority of the country mostly off of fossil fuels. Nobody said that they will shut off oil flow into the country this year or next. The way I see it is now we won't just get screwed by OPEC, we will also get screwed by the countries that supply us the materials that make electric cars since we probably still won't manufacture anything in the US.

 

Most of you guys are watching too much TV...

 

The numbers don't agree. Typical U.S. new vehicle annual sales are around 15-16 million units. Right now, electric cars are about 3% of that, or statistically 'nothing'.
But there are still 275 million (registered) vehicles in the U.S..

Even at 100% market share, those fossil fuel vehicles aren't going away but extremely slowly, over a vast amount of time.
And it'd still 'lucky' if all new vehicles sold are battery-electric by 2050, because the past rate of market share increase has been DISMAL.

Fossil fuels (and the hundreds of non-gasoline products they also contribute to) will never be banned / eradicated.

 

More govt involvement, the more mess upon us.

 

YouTube. Lots of good racing, builds and people starting interesting and informative topics.