Most of the world’s crude oil comes from corrupt democracies or authoritarian dictatorships, some of which market themselves as monarchies. These governments rely on oil companies owned by the government to remain in power.Many members of the Organization of the Petroleum Exporting Countries can produce oil for less than $20 a barrel but paying brutal security forces and operating luxury yachts gets expensive.
Foreign producers know well that U.S. competition is not coming anytime soon. Drilling costs are higher, laborers want better pay, and freedom-loving people refuse to finance Putin’s war crimes. Since 2015, more than 600 oil exploration and production, oil-field service, and pipeline companies have filed for bankruptcy, bringing more than, according to Haynes and Boone, a Dallas-based law firm that tracks oil and gas bankruptcies.
Easy for you to say.
How bout you buy one for us cuz we brole
Depending on where you live, that electric grid giving power to your electric car almost exclusively comes from dirty coal and/or natural gas. And you don't want to know how minerals from their batteries are taken and mined.
Will ERCOT “request” us not to charge EV when there’s a power crunch? And who will invest in the infrastructure to support long range travel?
look up lithium and nickel shortages and cost to replace the batteries. Only going to trade one problem for another one that is more expensive.
I will not purchase an electric car..
I support going electric, but have zero faith the gop admin will stop bullying trans kids and controlling women’s bodies long enough to address the grid issues we already have, let alone will they plan/prepare for the future.
Then electricity prices go up and neither will be cheap.
Us poor folk that live in apartment complex do not have out lets at our random parking spot
Everyone will continue to whine how terrible this is but what’s their alternative? Oil will not go back down. Will you fill your gas tank with whining? Suggest another solution! Pedestrianize downtowns? Build out public transport? Increase bus lines? Subsidize EV conversions?
This is exactly what the green propagandists want you to believe….
Typical out of touch liberal rag comment. ’s solution: Can’t afford high gas prices… Buy an even more unaffordable electric vehicle.
🖕🏻🖕🏻🖕🏻
Uhm no
How out of touch
Then my light bill will go up.
And pay more for electricity than gas!
You seriously wrote this in Houston? 😂
Are you buying?
-Cough up $55000+ -Or Pay some unreasonable car note -Create untold amount of carbon emissions forming lithium batteries -Hope you don’t get in an accident because of the insane repair bills.
Isn't it interesting how the solutions of climate change have special relevance today? Electric vehicles are the answer to oil price gouging.
The chronicle is trash
Stop spreading misinformation. Don't just fall for click bait do some research.
And do what with all of the gas vehicles? Pile them up in junk yards? WAKE UP PEOPLE!! Because everything electric won't become a problem? B.S. This is not going to happen!
This is the most out of touch take so called “news” can offer. journalismisdead
Yes but why is it over? Cancel everything that produced it and made it affordable. Oh - and how do we make electricity again?
If you can’t afford the gas how the hell can you buy a $70k EV.
FOH.
You should have ended this headline with “you pensants” to really drive home the point.
We don’t have the power grid to provide the power ! Do some homework
Considering how housing markets work, I wonder how many people who must commute can afford to buy an electric car, even if they wanted to. This seems like an oversimplified solution.
No.
Oil and its byproducts are in everything everyone of use/touch every day. How subscribers do you still have btw, 7? 8?
'The era of cheap oil is over. Instead of hoping for lower gas prices, buy an electric vehicle.' What a load of nonsense. Does anybody actually buy your rag?
Why should we have change our preference? Some people don’t like EV
Really!
Buy an electric vehicle that I can't afford, with few qualified people to work on it, with little no infrastructure to charge it, and a grid that won't be able to handle it?
Yeah I’m sure that’s gonna work. So what am I going to use at work? What is the equivalent of a 2500 for Electric?
The manipulation of more Spence oil to sell electric vehicle so bad
That’s funny. The era of The Chron publishing anything factual, was over a long time ago.
.....and THIS is why the libs ran up the prices of gas....
Guessing the chron is going to chip in and help everyone buy an electric vehicle. 🙄 oh and btw, the guy you endorsed for president is the reason why there isn’t any more cheap oil or anything for that fact…
Ignorant article. Liberal RAG!
Oil is a commodity. There is a lot of oil! Prices fluctuate!
How about riding a flying unicorn instead?
This is moronic
make it make sense
What energy source do you presume creates the electricity needed to power the electric vehicle?
Communist 💩💼’s. 🖕🤡
Lol. How can the middle class afford it? Delusional
We {Ercot customers} can’t even get them to keep the grid on in May, let alone the entire summer, so buying an electric car at this time is a fool’s gamble. Not to mention the lack of charging stations & how long it takes to charge if you’re in a rush. Infrastructure isn’t ready.
Absolutely right
This is not a viable solution but think that is what the people in charge are trying to achieve. I need a generator for when the electric goes out from the shut down power plants.
ERCOT: The power grid can't handle all the electricity. So we're going to have planned rolling brown-outs like California. HouChron: Buy electric vehicles.
Hey poor people, go buy an electric vehicle and stop whining
The era of cheap homes is over. Homeless people should just buy houses. The era of safe prosperous Latin American countries is over. People should just work for the cartels.
Thats what the goal was anyway drive the prices sky high to try and force everybody into EVs
Put Republicans in charge
I want to beleive this, but I feel like more EVs will just make the cost of electricity go up and gas prices won’t come down. Mainly because energy producers are super focused on investor return these days.
Seems obvious, but you know, old habits…
Fueled by a coal burning power plant? Got it
The price will come down again to $2 will Trump is President.
As the “newspaper” of Houston, the Chronicle is a constant embarrassment. When there is regulatory certainty, drilling will begin again and prices will decline. It has nothing to do with electric vehicles.
If we can’t afford gas, do you think we can afford a $50k electric car?
Can’t afford an electric vehicle. Would YOU buy me one?
This whole post is a lie. With just what America pulls out at present time is enough for our whole country with millions of barrels to spare. Look it up if you don't believe me.
The average transaction price for an electric vehicle (EV) is $56,437, according to Kelley Blue Book $56,437 is 11,287 gallons of gas at $5/gallon. houstonchron is now my go to source for propaganda.
No. It's worse form the environment than a gas pered car is.
Ted Cruz definitely gonna respond to this
Maybe our city should have better public transport.
Oh yeah lemme just do that real cheap option
End individual car ownership
What do we use to make electricity
I'm older and can't afford one, so maybe your rich azz should buy one for everyone. If you REALLY believe this is about the environment.
🖕🖕🖕🖕🖕
I don't know - what if we drilled more and increased supply?
FJB
“Would you like to pay money to read the drivel the HChron throws out?”
Naw bitch
Pick up some Thomas Sowell books. Learn something about economics. Then you’ll avoid this embarrassing article.
Leaning into state propaganda mode. Nice.
The era of cheap oil being over will be over after Republicans take Congress back in November. ImpeachBiden
Such a misleading feature but typical of crappy Chronicle crap.
The Houston Comical taking stupid to a whole new level.
Yes, because people who are struggling with high gas prices for vehicles they already own have loads of money to throw at an electric vehicle that won't go anywhere when govt decides to arbitrarily shut down the grid.
Chronicle just like the good puppet and Preaching just what your being told to preach. There is no viable plan for long term or even near term electric cars? shameful
No
Easy, turn off A/C and charge it between rolling black outs
Buy an electric car so they can jack up the cost for electricity. Which used oil and gas to generate. Or they’ll just turn it off and we’re all screwed. This is bullshit.
Are you really this obtuse?
Wow. That is so incredibly stupid
Cool story. Got 70k I can borrow?
This statement would make sense if we didn’t have a choice. We have a choice, we can be the 1 oil producer in the world, like we were during Trumps administration (not to be overly political). Oil prices would be much lower if we returned to that.
Lol
Ugh - everyone acts like we all have single family homes where we can plug them in. I live in a condo and there is no outside outlets tied to our units. My work has six chargers for the entire campus.
I guess, you people are doubling down. The chron has supported every politician against O&G hence many issued policies are impacting O&G companies production. Sorry, this situation is man made. I just prefer to vote out such politicians. That’s the alternative.
LOL, that is what people said in 1974, 1983, 2009, etc. Oil has increased in price by 3% per year for the last 150 years. There are always intermittent price rises and falls. This article is bereft of perspective, history, and intelligence.
Saying the era of cheap oil is over righ after Killing the keystone pipeline and canceling oil leases is insane. Garbage article
Amen to that!
What is this liberal propaganda 🤦♂️
Yeah good luck finding a decent one under 60 grand This is the plan folks. Drive up gas to $10 a gallon to force you to buy an electric vehicle that's connected to the internet and can be shut off by the government at any time. Especially when the monkey pox lockdowns start
Not sure this is a Houston paper. I understand the logic, but at least understand most of your audience is in the energy sector. Are they moving to Austin?
GFY please...
Who has $60,000 for one?
Let me see… Hunter Biden involved in deal to sell some of largest cobalt mines in the world to China. What’s cobalt used for? The Chron shilling for China, Chairman Biden and the left wing regime. Not surprised
And expects me to pay 0.99 cents a month to read garbage like this?
So ’s answer to unaffordable gas is to buy unaffordable cars? Tone deaf liberal rag not fit to be used as puppy pee pads…
Written like the left wing mouthpiece your organization is.
The Houston Chronicle is such a joke!
Although we’ll still have to worry about ERCOT.
Totally tone-deaf from a Leftist rag.
How about we vote in leaders who put America first, and will erase all the insanity the ‘Lunatic Left’ has pushed through!
GFY.
I can't afford one? Most people can't.
People still read this paper?
There is a shortage of cars!