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USA has been exporting more crude oil and petroleum products than it imports for22 months
Posted on 10/6/23 at 10:21 am
Posted on 10/6/23 at 10:21 am
Could have fooled me. I thought the U.S. had severely cut back on oil and gas production.
14
Posted on 10/6/23 at 10:23 am to Cycledude
quote:
thought the U.S. had severely cut back on oil and gas production
What made you believe that? The data is public domain and shows that the US is producing more oil than ever in its history.
Posted on 10/6/23 at 10:25 am to redstick13
quote:Well l’ve been hearing from some Republicans that Biden was shutting down oil and gas.
What made you believe that
This post was edited on 10/6/23 at 1:23 pm
Posted on 10/6/23 at 10:26 am to Cycledude
quote:
USA has been exporting more crude oil and petroleum products
We'll never be energy independent at this rate
Posted on 10/6/23 at 10:29 am to Cycledude
quote:
Well love been hearing from some Republicans that Biden was shutting down oil and gas.
Democrats have no interest in shutting down oil and gas or putting an end to fossil fuels. This is just a carrot that they dangle in front of Libs to continue getting their votes and help launder taxpayer money.
Posted on 10/6/23 at 10:36 am to Cycledude
quote:
crude oil and petroleum products
Key part
Posted on 10/6/23 at 10:37 am to Corinthians420
quote:
We'll never be energy independent at this rate
Why are we letting these companies give away our oil to Chyna!!!
Posted on 10/6/23 at 10:38 am to Cycledude
W B Davis will be along soon to whine about this escaping the PT board.
…..ohhh wait.
…..ohhh wait.
Posted on 10/6/23 at 10:51 am to Cycledude
If we are exporting record oil products. Why are our fuel prices so high?
Posted on 10/6/23 at 10:54 am to Klark Kent
It’s been a great few years to be in O&G. Bonuses gonna be crazy again this year.
Posted on 10/6/23 at 10:57 am to Cycledude
We would have to import and export much less if we could expand our refining capabilities. Most of what we export can’t really be refined here.
Posted on 10/6/23 at 11:01 am to Cycledude
quote:
Well love been hearing from some Republicans that Biden was shutting down oil and gas.
The US is producing now, but there has to be consistent new investment to keep production at current levels going out into the future.
You do understand that, don't you?
Posted on 10/6/23 at 11:01 am to Napoleon
quote:
If we are exporting record oil products. Why are our fuel prices so high?
Because refining capacity is maxed out and they won't build anymore.
Edit: Maybe maxed out wasn't a good way to put it, but refining utilization is currently around 87%. It typically averages around 89-90% and hit 94% in August.
LINK
This post was edited on 10/6/23 at 11:10 am
Posted on 10/6/23 at 11:02 am to Cycledude
FOX has been pushing the myth that Biden shut down US oil production since day one of that administration. We are producing record levels of oil and gas.
The primary destination of exports of oil are Mexico and Canada. Well below these are exports to Netherlands, Korea and Chyna at about 6.5 % each.
The primary destination of exports of oil are Mexico and Canada. Well below these are exports to Netherlands, Korea and Chyna at about 6.5 % each.
Posted on 10/6/23 at 11:07 am to Napoleon
quote:
we are exporting record oil products. Why are our fuel prices so high?
Because our oil has more dinosaur bones in it.
Posted on 10/6/23 at 11:10 am to nitwit
quote:
FOX has been pushing the myth that Biden shut down US oil production since day one of that administration. We are producing record levels of oil and gas.
The primary destination of exports of oil are Mexico and Canada. Well below these are exports to Netherlands, Korea and Chyna at about 6.5 % each.
Youtube
To be fair, modern day white democrats have been going at the oil companies a lot the last 10 years or so. Biden stated he wanted to transition. I agree, don't trust anything they say, as they seldom do what they say, it's all about votes. I think Rs have a hard time with that, they believe everything a D politician says they want to do, but occasionally it does happen, like Covid restrictions for so long and such. It's not Fox, it's going by what comes out of the mouths of not only D politicians, but modern day white democrat voters.
Posted on 10/6/23 at 11:12 am to Napoleon
quote:
If we are exporting record oil products. Why are our fuel prices so high?
Global market baw.
Posted on 10/6/23 at 11:13 am to JohnnyKilroy
quote:
Bonuses gonna be crazy again this year.
Please Please Please
Posted on 10/6/23 at 11:16 am to Cycledude
quote:Thats kinda the reasonable expectation when he loudly says he will stop the drilling.
Well love been hearing from some Republicans that Biden was shutting down oil and gas.
And then he quietly ramps it up.
Posted on 10/6/23 at 11:26 am to redstick13
quote:
Because our oil has more dinosaur bones in it.
The El Gaucho theory?
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