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Started By
Message
re: Looks Like Drill Baby Drill will DIE
Posted on 4/1/25 at 9:27 am to Thundercles
Posted on 4/1/25 at 9:27 am to Thundercles
quote:
Do you realize that all the major oil producers of the world collude together to keep oil price at a steady rate to mutually ensure they all get wildly rich?
That would be OPEC controlled by the Saudi's who have insanely inexpensive production costs.
Exxon, Shell, Chevron, BP etc are not part of OPEC, admittedly benefiting from some OPEC's policies that increase revenue, but largely ignore OPEC's long term predictions.
OPEC plans are largely political, not financially sound in the long term. Trust the Saudi's?
1
Posted on 4/1/25 at 9:27 am to CitizenK
This will kill marginal projects/drilling. Think places like Venezuela, North Sea, etc… places like the Permian/Guyana/etc… will continue to roll. SA doesn’t have the same power they had 20 years ago.
Posted on 4/1/25 at 9:32 am to Cosmo
quote:
They cant open up spigots much more
OP hates Trump and wants him to fail (AKA America go into a major recession) because Trump was mean to his hero Zelensky. OP has a history of cheering against the US
Posted on 4/1/25 at 9:33 am to Bullfrog
quote:
Its all simple economics.
We will just have to sell our barrels below cost and make up for it on volume.
Going to have to have a bigger truck though.....
Posted on 4/1/25 at 9:33 am to CitizenK
quote:
Saudi Arabia will increase its oil production capacity from 2025 to 2027, before going back to the current level of 12.3 million barrels per day in 2028
lol
so for 3 years they will produce a little more then go back?
And this will end oil drilling in the US as we know it?
quote:
“We adjusted the production capacity from 13 million barrels per day to 12 million bpd. However, in 2025, we will have an incremental increase. We will have a bigger incremental increase in 2026 and 2027. And then we will go back to our 12.3 million bpd production in 2028,” said the energy minister.
Posted on 4/1/25 at 9:35 am to TT9
quote:
Just want prices down like promised. So far, no good.
Gas prices are down, what world do you live in?
Posted on 4/1/25 at 9:36 am to CitizenK
Why do you hate America so much?
Posted on 4/1/25 at 9:37 am to TT9
quote:
I love this country, just can't stand the lying pos running it.
You just lied about gas prices.
Who is the lying pos?
Posted on 4/1/25 at 9:38 am to CitizenK
Saudi Arabia to ramp up oil production capacity in the next 3 years - energy minister
This post is 10 months old. I know drilling isn’t blowing and going, but it’s certainly not stopped.
quote:
Updated 06 June 2024 NIRMAL NARAYANAN June 06, 2024 11:27
This post is 10 months old. I know drilling isn’t blowing and going, but it’s certainly not stopped.
Posted on 4/1/25 at 9:41 am to Mr Breeze
quote:
That would be OPEC controlled by the Saudi's who have insanely inexpensive production costs.
Saudi’s costs are insanely expensive? This is news to me
Posted on 4/1/25 at 9:43 am to dgnx6
Gas prices in Farragut, TN were 2.59 in December, they're currently 2.89.
Posted on 4/1/25 at 9:49 am to TT9
quote:
I love this country, just can't stand the lying pos running it.
You mean like when Obama said you can keep your healthcare plan if you like it
or
Joe Biden is as sharp as a tack
That’s just 2 lies from your team, there are 1,000 others
Posted on 4/1/25 at 10:03 am to Oilfieldbiology
As you realize .. he is repeating misinformation
Price to get a barrel out of west Texas averages 54 dollars
“Saudi Arabia's cost to produce a barrel of oil is exceptionally low, typically around $2.8-$10 per barrel, significantly lower than many other oil-producing nations, primarily due to its vast and easily accessible oil fields”
Price to get a barrel out of west Texas averages 54 dollars
“Saudi Arabia's cost to produce a barrel of oil is exceptionally low, typically around $2.8-$10 per barrel, significantly lower than many other oil-producing nations, primarily due to its vast and easily accessible oil fields”
Posted on 4/1/25 at 10:21 am to CitizenK
Got a buddy that works in the west Texas oil fields says he busier than a one legged man in an arse kicking competition
Posted on 4/1/25 at 10:23 am to Thecoz
Sure, it's lower.
But that's all they have and they need to sell it a much higher price to support their lazy, ignorant populace .
Otherwise, they'd revert back to nothing.
But that's all they have and they need to sell it a much higher price to support their lazy, ignorant populace .
Otherwise, they'd revert back to nothing.
Posted on 4/1/25 at 10:25 am to CitizenK
Three pages in and not one “April Fool’s” joke.
Posted on 4/1/25 at 10:26 am to CitizenK
quote:
drilling here to all but cease.
I bet you really believe that too, dont you?
Posted on 4/1/25 at 10:27 am to CitizenK
Any word on replenishing the Strategic Petroleum Reserve?
Posted on 4/1/25 at 10:29 am to CitizenK
quote:
Expect more oil from Canada (cheaper to produce than US
What!!! Not even close.
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