re: Oil producers in a ‘dire situation’ and unable to ramp output, says Oxy CEO

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Fertilizer prices have massively increased.

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One good thing about Louisiana. They make a lot of fertilizer, and that business is probably very secure at the moment.

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I was mocked on the poliboard for years over peak oil proclamations. Funny that no one can turn the taps on supergiant fields right now and fix this.

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What the frick does a man made issue have to do with peak oil? Absolutely nothing. That is an idiotic post.

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bayoutiger225

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I would enjoy a broader overview from you about the impact of Russia, what Biden has done and whether the administration policy could quickly increase domestic production (if it wanted to)

I know this is an LA message board but some of us don't really know how all these pieces fit together.

I love a good bulleted breakdown like yours

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opening new offshore land cannot possibly increase production any time soon. This is just a propaganda talking point.

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But a year ago, when the EO was signed, it would’ve. I see you ran to get more talking points after you read Ross’ comments.

Look man, the whole world can see you people are in over your head. You took an economy that was artificially depressed due to COVID, and you shite the bed. All you had to do was get the frick out of the way and the economy would have went back to where it was. You pussies just took it as an excuse to regulate the private sector and grow the government. And the best part, you’ve inflated the currency so much that your “Black and Brown” constituents can no longer afford the life they had before all this.

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If you need anything with a circuit board, good luck. If we had factories ready to go right now, there are workers to fill the positions needed. This is a problem that has been manifesting for quite some time. As a country we kept outsourcing everything to other countries for the cheapest version. Fixing supply chain issues is going to take US companies in investing back in America and US consumers willing to spend more for American made. Government officials peddling that electric vehicles are going to fix everything, better come up with a way to build the damm things. Not to mention charging them.

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I know not everything can be fixed overnight. It’s frustrating how much divestment prior administrations have had in their own country.

Love or hate trump, he actually encouraged American investment. He cancelled trade deals that would have continued to put America in shite situations like this when bad things happen. Global trade is necessary but the less we have to rely on others, the better off we will be. That’s especially true with the energy sector

I am aware that mask mandates have little to do with getting people
Back to work. In general globally, people need to sack up and get back to work. We’re on the back end of the pandemic. The less people tolerate government interference in the everyday activities of their lives, the more progress we can make.

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we’d have made energy independence a priority long ago

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I don't even know what "energy independence" means anymore.

All we keep hearing is that oil is a global market. That it doesn't matter WHERE we get our oil from.

The US imports AND exports oil. That's always been crazy to me. If we are trying to become "energy independent" why are we exporting any oil at all?

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Seems like everyone is pointing the finger at everyone else....except for the people who paused federal leases and are slow walking permits in the gulf.

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What does that have to do with the Permian mentioned in the article though?

They can't ramp and that's squarely on them.

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Tell me what supply chain issues are impacting exploration specifically.

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I have some hydraulic parts on order, just got the email telling me they are delayed another month. I can’t imagine the difficulty that would be involved in operating something as complex as a drilling rig in this environment.

The company I work for is not picking up any more rigs because we can barely keep the rigs we have running. Things like casing, mud motors, drill pipe, specialty tools are hard to get. This doesn’t even include the rig equipment that breaks down and have to try to locate new parts. The supply side is holding everything back.

Another huge factor is finding qualified workforce.

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opening new offshore land cannot possibly increase production any time soon

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Which is why you don't impose these type of restrictions. Things change fast.