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re: The United States is now the largest global crude oil producer
Posted on 9/13/18 at 12:28 pm to jlovel7
Posted on 9/13/18 at 12:28 pm to jlovel7
quote:
We should ultimately remove ourselves from our dependence on a finite resource. So good in the sense that we will reap economic benefits for America, which is great, but bad because that isn't sustainable forever and we'd be smart to harness sustainable energy in a way that it could replace our need for oil.
There's enough oil in Alaska alone to run the US for a long long time. Massive discoveries up there every year.
1
Posted on 9/13/18 at 12:28 pm to Projectpat
quote:
His administration’s policies being favorable to energy certainly helps. It’s not “why” oil production is high, but it certainly has a positive effect, or more importantly, not a negative effect as Obama did.
Did you see that plot?
Posted on 9/13/18 at 12:29 pm to HonoraryCoonass
quote:
‘Member when dimocratix Jimmy Carter said we’d run out of oil by the end of the 1980s?
Hasn't stuff been dying for , well, for millions of years?
How can it run out?
Posted on 9/13/18 at 12:29 pm to jlovel7
Until it’s cheaper and more efficient to use renewable energy oil will remain strong.
Posted on 9/13/18 at 12:32 pm to AA77
the OT is going to be furious over this news. they hate the O&G industry.
Posted on 9/13/18 at 12:34 pm to TheIndulger
quote:
You gotta have your Trump blinders on and blatantly ignore available information if you think his presidency is why oil production is so high
stupid comes out of the wood works in these threads.
Posted on 9/13/18 at 12:38 pm to TheIndulger
quote:
Did you see that plot?
Yes, what are you trying to imply with it? That production is independent of politics?
Posted on 9/13/18 at 12:44 pm to baldona
quote:
Its absurd to not take the current oil money when we can,
That oil money is coming from the American consumer, though. We're still paying upwards of $3/gallon. If we have so much oil, why aren't we getting a break at the pump?
Posted on 9/13/18 at 12:46 pm to Kentucker
quote:
That oil money is coming from the American consumer, though. We're still paying upwards of $3/gallon. If we have so much oil, why aren't we getting a break at the pump?
Oil isn’t gasoline and supply is only part of the pricing equation.
Posted on 9/13/18 at 12:48 pm to AA77
does this mean gas is going down? of not, i don't really care that much.
Posted on 9/13/18 at 12:49 pm to AA77
Glad to know baws are rich again. Truck sales about to take another leap forward.
Posted on 9/13/18 at 12:50 pm to baldona
quote:
Certainly but look at a place like the UAE and what they are doing with nothing but oil money.
New Orleans will look like Dubai any day now. I can feel it.
Posted on 9/13/18 at 12:51 pm to Masterag
quote:
does this mean gas is going down? of not, i don't really care that much.
eeesh. perfectly good example of my previous post.
Posted on 9/13/18 at 12:52 pm to TheIndulger
Sure at the end of the day global markets will be the biggest driving factor, but if you don't think Trump has been good for oil and gas industry you don't know much about the oil and gas industry.
Posted on 9/13/18 at 12:57 pm to Kentucker
quote:
That oil money is coming from the American consumer, though. We're still paying upwards of $3/gallon. If we have so much oil, why aren't we getting a break at the pump?
privatizing gains and socializing debts... the american way
Posted on 9/13/18 at 12:57 pm to Projectpat
quote:
His administration’s policies being favorable to energy certainly helps.
Actually, his administration last year did throw down a ruling against Federal Resource Development Units that is anti-oil & gas development. So there has been instances where the industry has continued to thrive DESPITE some of his administration policies.
But overall, yes. It is nice to have a President not trying to portray the industry as evil.
Posted on 9/13/18 at 12:58 pm to jlovel7
quote:
ut bad because that isn't sustainable forever and we'd be smart to harness sustainable energy in a way that it could replace our need for oil.
Why not let the market figure out instead of the Government getting involved?
Posted on 9/13/18 at 12:59 pm to Klark Kent
(no message)
This post was edited on 9/13/18 at 1:14 pm
Posted on 9/13/18 at 1:00 pm to msu202020
it’s 2018 baw, capitalism is a 4 letter word in some circles
Posted on 9/13/18 at 1:03 pm to HailHailtoMichigan!
@HailHailtoMichigan if you're trying to say it's Trump's doing, the US's oil production has been steadily increasing since 2009 due to the insane oil prices in 2008. Saudi Arabia has cut back due to OPEC trying to stabilize prices. Russia has been on a steady increase since the mid-90s and has just recently hit a lull, though I'm not sure what the reason for that is.
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