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re: USA has been exporting more crude oil and petroleum products than it imports for22 months
Posted on 10/6/23 at 1:51 pm to Tomatocantender
Posted on 10/6/23 at 1:51 pm to Tomatocantender
I agree. It is a stupid idea to ever buy oil to fill the SPR.
Doing so could almost be seen as currying political favor with oil companies, don't you think?
Doing so could almost be seen as currying political favor with oil companies, don't you think?
2
Posted on 10/6/23 at 1:57 pm to fightin tigers
quote:
It is a stupid idea to ever buy oil to fill the SPR.
The stupid idea was selling off the SPR in 2022, is what I think.
Posted on 10/6/23 at 2:01 pm to Tomatocantender
Do you think that about the 2023 sale as well?
You are really bad at answering questions. Especially since I was courteous enough to do it for you.
You are really bad at answering questions. Especially since I was courteous enough to do it for you.
This post was edited on 10/6/23 at 2:02 pm
Posted on 10/6/23 at 2:05 pm to fightin tigers
quote:
You are really bad at answering questions.
I thought we were making a breakthrough.
Posted on 10/6/23 at 2:10 pm to Tomatocantender
It has become painfully obvious that you would rather remain ignorant and just regurgitate rhetoric.
Posted on 10/6/23 at 2:20 pm to Tomatocantender
quote:
The stupid idea was selling off the SPR in 2022, is what I think.
I kind of agree, but in the grand scheme of things, I don't think it really matters much.
Posted on 10/6/23 at 2:21 pm to fightin tigers
quote:
It is a stupid idea to ever buy oil to fill the SPR.
How would you fill it?
Posted on 10/6/23 at 2:23 pm to PaperTiger
Swaps
It is basically free crude. Think of it like interest.
It is basically free crude. Think of it like interest.
This post was edited on 10/6/23 at 2:30 pm
Posted on 10/6/23 at 2:29 pm to udtiger
quote:
1 - a good chunk of those months was coming from the SPR 1 - it's okay to send our oil and gas to other countries, just can't have it here (same NIMBY philosophy that closes off rare earth mining/extraction domestically, but is happy for other countries to to it to their own lands for our "green" benefit)
You have zero idea what you are talking about.
Posted on 10/6/23 at 7:23 pm to notiger1997
quote:
What’s in the reserves has almost nothing to do with imports/exports and the market prices.
Biden disagrees with you.
Posted on 10/6/23 at 7:25 pm to Cycledude
They're predicting peak oil hits slightly before 2030. There's an incline until like 2029 or something, then declines based on studies.
I don't think Democrats thought peak oil hit in 2020 or 2021. They all knew that it would increase, but were trying to convert to renewables to slow it down.
As a market share, Oil is decreasing. It was like 80% of energy demand and is now like 65% of energy demand. Basically, the pie is growing very fast bc population growth and energy demand per person growth. Oil's piece of the pie is growing because the pie is growing very fast, but it's growing at a much slower rate than renewables piece of the pie and oil's share (or %) of the pie is declining.
I don't think Democrats thought peak oil hit in 2020 or 2021. They all knew that it would increase, but were trying to convert to renewables to slow it down.
As a market share, Oil is decreasing. It was like 80% of energy demand and is now like 65% of energy demand. Basically, the pie is growing very fast bc population growth and energy demand per person growth. Oil's piece of the pie is growing because the pie is growing very fast, but it's growing at a much slower rate than renewables piece of the pie and oil's share (or %) of the pie is declining.
This post was edited on 10/6/23 at 7:33 pm
Posted on 10/6/23 at 7:28 pm to frogtown
quote:
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
What point are you making? Doesn't seem to make sense as a response to what he said.
Posted on 10/6/23 at 7:33 pm to PaperTiger
quote:
What part am I missing here?
That we are a net exporter of petroleum products, which I THINK is what the OP was about, but maybe he did mean solely crude oil as well.
If he did, then his is wrong. We have never been a net exporter of crude oil.
LINK
Posted on 10/6/23 at 7:57 pm to Napoleon
quote:
If we are exporting record oil products. Why are our fuel prices so high?
Because it’s significantly higher in Europe.
This post was edited on 10/6/23 at 9:40 pm
Posted on 10/6/23 at 8:00 pm to dgnx6
quote:
Oh I don't know, maybe because 81 million people voted for this...
This is 100% false and never happened.
Posted on 10/6/23 at 8:01 pm to Floyd Dawg
quote:
rather than sitting in storage (which to my understanding is nearly at capacity also).
The opposite.
Posted on 10/6/23 at 8:50 pm to Cycledude
Biden 
With the recent jobs report, guy is killing it
With the recent jobs report, guy is killing it
Posted on 10/6/23 at 11:08 pm to deltaland
quote:
guy is killing it
By killing it, you mean the country?
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