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America's Energy Industry is in great position

Posted on 8/16/24 at 8:41 am
Posted by Powerman
Member since Jan 2004
165417 posts
Posted on 8/16/24 at 8:41 am
I hear a lot of incessant whining from the ignorant about how we need to unleash American energy as if that already isn't happening. On the LNG front our LNG exports are booming and there are several current and future projects in the pipeline



The bulk of this industry benefits the red states of Louisiana and Texas as is clearly seen by this map



On the crude oil side we're the number one producer in the world for the 6th straight year

US leads global oil production for 6th straight year



And we've only increased output since that chart

US oil output reached new record in August

quote:

U.S. oil producers pumped record high levels of crude last week, according to government data released Wednesday, extending the upswing in output that has made the United States the biggest oil and gas producer in history.

The new record contrasts with claims made by GOP presidential nominee Donald Trump, who has sought to cast the Biden administration’s policies as calamitous for the oil and gas industry. Trump has claimed that President Joe Biden has undermined the energy achievements made during his term in office.

Trump is full of shite. Go figure.

quote:

Preliminary data from the U.S. Energy Information Administration showed oil companies pumped an average of 13.4 million barrels a day from U.S. oil fields during the week ended Aug. 2, surpassing the previous record of 13.3 million the industry has hit several times this year.


Big investments have also been made in renewables over the years

And before you all start crying I'm not crediting Biden for any of this

This goes all the way back to the Bush administration moving forward

Stop bitching

Posted by boomtown143
Member since May 2019
9407 posts
Posted on 8/16/24 at 8:44 am to
It should be better than this
This post was edited on 8/16/24 at 8:44 am
Posted by BayouBlitz
Member since Aug 2007
18126 posts
Posted on 8/16/24 at 8:49 am to
Good luck with this. The idiots on this board just want to bitch and moan about America and how the country is in shambles.

They love being miserable.
Posted by waiting4saturday
Covington, LA
Member since Sep 2005
10583 posts
Posted on 8/16/24 at 8:50 am to
quote:

Biden administration’s policies as calamitous for the oil and gas industry


Most O&G projects aren't very quick - especially talking about LNG plants or deep water platforms - the benefits we're seeing now are from work that was started 5-10 years ago. Biden's policies are hurting the next round of projects.
Posted by Powerman
Member since Jan 2004
165417 posts
Posted on 8/16/24 at 8:50 am to
quote:


It should be better than this

Everything can always be better

Posted by Powerman
Member since Jan 2004
165417 posts
Posted on 8/16/24 at 8:51 am to
quote:


Most O&G projects aren't very quick - especially talking about LNG plants or deep water platforms - the benefits we're seeing now are from work that was started 5-10 years ago. Biden's policies are hurting the next round of projects.

So you're crediting Obama and Trump and blaming Biden?
Posted by Demonbengal
Ruston
Member since May 2015
3565 posts
Posted on 8/16/24 at 8:53 am to
Should be even more. Trump also said that Biden administration had started easing regulations because of the election, but its still not enough.
Posted by Powerman
Member since Jan 2004
165417 posts
Posted on 8/16/24 at 8:54 am to
quote:

Should be even more

Sure

But that's a private sector issue
Posted by Madking
Member since Apr 2016
59721 posts
Posted on 8/16/24 at 8:54 am to
His name was Joseph Smith, dumb dumb dumb dumb dumb dumb.
Posted by Powerman
Member since Jan 2004
165417 posts
Posted on 8/16/24 at 8:54 am to
quote:

Trump also said that Biden administration had started easing regulations because of the election

The only question is if you were dumb enough to fall for it
Posted by POTUS2024
Member since Nov 2022
20943 posts
Posted on 8/16/24 at 8:58 am to
And yet energy prices have gone up, which drive up all other costs, and Democrats are openly hostile to fossil fuels. But, keep defending them and pretending like this situation isn't a problem...
Posted by Friscodog
Frisco, TX
Member since Jul 2009
4792 posts
Posted on 8/16/24 at 9:01 am to
When you have the POTUS and the VP on record as saying they want to shut down coal, and all fossil fuels completely, I believe them. Why are they full of shite too?
Posted by TigerAxeOK
Where I lay my head is home.
Member since Dec 2016
32342 posts
Posted on 8/16/24 at 9:02 am to
quote:

America's Energy Industry is in great position

Four years ago we were energy independent and sending far less money for oil to goat raping nations that hate us, and our SPR was at 90%+ capacity.

Get back to that, and loosen some federal regulations on industries that already overregulate themselves, and I'll quit complaining.
Posted by Powerman
Member since Jan 2004
165417 posts
Posted on 8/16/24 at 9:05 am to
quote:

Four years ago we were energy independent

We still are and have been for some time.
quote:

and sending far less money for oil to goat raping nations that hate us

Most of our oil imports are from Canada and Mexico and we are still a net exporter

quote:

and our SPR was at 90%+ capacity.

The SPR is barely worth caring about when you're a net exporter of oil

It's just something you like to bitch about for the sake of bitching
Posted by Powerman
Member since Jan 2004
165417 posts
Posted on 8/16/24 at 9:06 am to
quote:

When you have the POTUS and the VP on record as saying they want to shut down coal, and all fossil fuels completely, I believe them. Why are they full of shite too?

Because they're politicians and they're full of shite?

Coal will be eventually shut down completely as a fuel source and when it happens no one that knows anything about anything will give a shite.
Posted by SoggyBottomBaw
Live Free Or Die
Member since Nov 2022
689 posts
Posted on 8/16/24 at 9:08 am to
quote:

They love being miserable.


Joy!
Posted by GumboPot
Member since Mar 2009
133471 posts
Posted on 8/16/24 at 9:10 am to
"Energy" is a global commodity. If there were no sanctions on Russian O&G and we did not have cuck foreign policy to OPEC we could benefit from lower energy prices domestically.
Posted by castorinho
13623 posts
Member since Nov 2010
84625 posts
Posted on 8/16/24 at 9:10 am to
Oil is fine.

Nat gas needs major help, the admin halting new LNG permits was not good. That's a direct impact.
Posted by Powerman
Member since Jan 2004
165417 posts
Posted on 8/16/24 at 9:12 am to
quote:


"Energy" is a global commodity.

No shite

That's why we're exporting our excesses

quote:

If there were no sanctions on Russian O&G

Yeah. It's almost like countries just placed sanctions on them for no reason. They were just minding their own business and the world decided to be assholes and pick on poor little Russia.
Posted by fwtex
Member since Nov 2019
2939 posts
Posted on 8/16/24 at 9:13 am to
quote:

Trump is full of shite. Go figure.


If America's energy is in such a great position right now, then why are we having record high energy costs, record level inflation consumer product prices, record government debt?

If our energy was in a great position we would have low consumer prices, a booming economy, and a declining national debt.
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