US leads global oil production for sixth straight year: EIA
(www.businesstimes.com.sg)
from ViXY_DBC@lemmy.world to world@lemmy.world on 11 Mar 2024 23:08
https://lemmy.world/post/13012799
from ViXY_DBC@lemmy.world to world@lemmy.world on 11 Mar 2024 23:08
https://lemmy.world/post/13012799
#world
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Yup. Drill baby drill until …
But Biden said he was gonna fix the climate :(
Where the oil comes from doesn’t fix the climate. Unless you count that it affects the cost, which then affects how people vote?
The fact that the oil got pumped at all, all but guarantees that we have broken the climate. Unless it gets put back in using clean energy, we’re fucked. Pumping it was a bad idea, burning it is suicide.
We are building renewable energy at a really high pace and also quickly increasing the numbers of EVs being sold vs ICEs. But we still need oil in the meantime and it’s better to produce our own and be as energy independent as possible.
US is actually a large fossil fuel exporter. i.e., it’s less about energy independence, more about corporate profit.
heatmap.news/…/america-has-never-exported-so-much…
We are also making renewable energy at 1/3 of the rate of China.
Context is important though. The reason that the US is now such a huge fuel exporter is because of oil crises in the past. The government realized how dependent the US is on oil and handed out huge subsidies and land grants to produce its own oil and not be dependent on other, not so friendly countries. The side effect of all that production is now huge corporate profit from the excess production.
I don’t disagree, there was a time the objective of the policy was understandable. Then the big corporations came in and everything went down hill fast. smh
Yeah wake me up when they let a single chinese EV get imported for sale or let go of military control in a single OPEC country that they totally aren’t holding because of funni petrodollar
Polestar is a Chinese-owned brand and is available in the US. Chinese cars in general aren’t popular in the US, though. When every other major brand has their own EV available in the US, it’s not like the consumer is hurting for choice. Just affordability.
Polestar is Swedish, not Chinese.
Polestar is a subsidiary of Volvo Cars. Volvo Cars was bought by Geely in 2010, a private Holding Group owned by Li Shufu, a chinese billionaire.
Li Shufu is also the chairman of Volvo Cars.
Polestar was founded and headquartered in Sweden, so it is a swedish company but it is owned by Geely/Li Shufu.
Polestar is owned by Volvo, who themselves are owned by Geely, a Chinese company. Polestar also manufactures most of their models in Chengdu, Sichuan, China.
They are headquartered in Sweden in the same sense that TikTok is headquartered in Los Angeles.
Do you think we’re going to stop using fossil fuels and switch to renewables? Or do you think we’ll just use both and increase our power demands?
What if they said “US is Most Drilled Location for Oil for 6th Consecutive Year”. Would that be more honest? The US isn’t gaining from the oil being drilled, the corporations that identify as US corporations are sucking up all that profit and being subsidized to do it.
Indeed, American people, US government, multi-continent corporations… are different entities for sure.