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Started By
Message
re: United States Oil Production by Month
Posted on 3/4/22 at 12:14 pm to Fat and Happy
Posted on 3/4/22 at 12:14 pm to Fat and Happy
quote:
Can’t be possible. Biden stopped the pipeline and shut down drilling in the gulf.
Click on the link and look at the numbers
We are producing about 10% less since trump was in office. Biden handcuffed oil and gas so it can’t rebound as quickly as it needs to coming out of the pandemic.
We buy about 10% of our oil from Russia. There is the difference right there.
So yea FJB
4
Posted on 3/4/22 at 12:20 pm to WaWaWeeWa
quote:
We are producing about 10% less since trump was in office.
You fricking suck at math.
quote:
We buy about 10% of our oil from Russia.
And a liar.
Posted on 3/4/22 at 12:23 pm to WaWaWeeWa
quote:
We are producing about 10% less since trump was in office. Biden handcuffed oil and gas so it can’t rebound as quickly as it needs to coming out of the pandemic.
Ypu do understand that you simply can't "turn on a tap" and oil starts to flow again instantly? All of those wells shut in during the pandemic will never produce at pre pandemic levels. Many will never produce again.
Notice the increasing trend in the rig count below. More wells are being drilled.
This post was edited on 3/4/22 at 12:27 pm
Posted on 3/4/22 at 12:36 pm to redstick13
quote:And correct me if I'm wrong, but couldn't they boost production faster than they are, but they are taking their time mostly because they got burned last time with the "drill baby drill" approach?
Notice the increasing trend in the rig count below. More wells are being drilled.
Posted on 3/4/22 at 12:37 pm to JohnnyKilroy
No...
Posted on 3/4/22 at 12:38 pm to cubsfan5150
What do you mean?
Posted on 3/4/22 at 1:00 pm to JohnnyKilroy
quote:
he US is producing more oil now than anytime in history outside of 6 months during the trump presidency?
The links and charts clearly show that we produced more oil on a monthly average from Aug 2018 to Apr 2020
Posted on 3/4/22 at 1:07 pm to cubsfan5150
How do you explain the rig count starting to drop off in early 2019?
Posted on 3/4/22 at 1:50 pm to Macavity92
quote:
We are now back down to Nov 2018 levels but not on a steady upward curve like we were pre-pandemic. We will not be energy independent again unless that changes.
This is dead wrong. Production is on the upswing, and we will be awash in oil soon.
Posted on 3/4/22 at 1:53 pm to redstick13
No clue... I don't work in the industry, but I can read a chart
Posted on 3/4/22 at 1:53 pm to Big Scrub TX
quote:I don't doubt it.
Yes, of course. Why would you doubt it? Is it because it causes cognitive dissonance with the spoutings of the loonies on here?
I posted it to cause cognitive dissonance with the spoutings of the loonies on here.
Posted on 3/4/22 at 1:53 pm to WaWaWeeWa
quote:
We are producing about 10% less since trump was in office. Biden handcuffed oil and gas so it can’t rebound as quickly as it needs to coming out of the pandemic.
This is false. Biden has hurt the oil industry, but the effects of his foolishness will not be felt for a couple of more years. What is happening now has almost nothing to do with Joe Biden.
Posted on 3/4/22 at 1:53 pm to Salviati
Obama/Trump staaaacked....Clinton/Bush fuuuuucked!
Posted on 3/4/22 at 1:56 pm to cubsfan5150
quote:
No clue... I don't work in the industry, but I can read a chart
Demand was already on the decline at the end of 2018 due to China's weaker than forecast economy. Production declines were on their way with or without COVID and Biden.
Now we will have to be careful not to ramp up too much and exceed demand once again.
Posted on 3/4/22 at 1:57 pm to Korkstand
quote:
couldn't they boost production faster than they are, but they are taking their time mostly because they got burned last time with the "drill baby drill" approach?
Probably. But these are individual company decisions, not a concerted act. A bigger factor is that the normal means of getting production up is through major oil companies and private equity backed independents. Both of these groups are being tormented by the green lobbies. Their hesitancy to invest is causing a slower rebound, which is creating an arbitrage for investors less sensitive to green pressure. But this new cohort takes time to grow.
Posted on 3/4/22 at 1:58 pm to redstick13
How does that pertain to kilroy's false claim?
Posted on 3/4/22 at 2:02 pm to redstick13
quote:
How do you explain the rig count starting to drop off in early 2019?
Because we were getting late in an oil boom. The fundamentals were not looking great for the near future. The private equity backed groups that were springing up and exploiting new West Texas leases were not getting the returns they had hoped for.
2019 was the blowout year in the oil patch. Even without the pandemic, we were facing a lean period to rebalance the market. The pandemic occurring just when we were slowing down was a perfect storm of woe for the oil patch.
Posted on 3/4/22 at 2:05 pm to Penrod
quote:Not just that, but they took a hit in the 2010s when oil was over $100 and we kept pumping until the bottom fell out.
A bigger factor is that the normal means of getting production up is through major oil companies and private equity backed independents. Both of these groups are being tormented by the green lobbies.
Posted on 3/4/22 at 2:11 pm to JohnnyKilroy
quote:
You fricking suck at math.
You suck at life. Watch what happens to the price of oil. They will blame it on Ukraine and ignore Biden threatening to ban drilling on public lands and shutting down pipelines. It’s an anti oil stance which fuels speculation that oil will be scarce in the future and prices go up.
Not my fault you are too dumb to grasp that simple concept.
quote:
In 2021, the US imported an average of 209,000 barrels per day (bpd) of crude oil and 500,000 bpd of other petroleum products from Russia, according to the American Fuel and Petrochemical Manufacturers (AFPM) trade association. This represented three percent of US crude oil imports and one percent of the total crude oil processed by US refineries. By contrast, the US imported 61 percent of its crude oil from Canada, 10 percent from Mexico, and six percent from Saudi Arabia in the same year.
So it’s 3 percent. I admit being off. The point is, we were a net exporter just a few years ago
quote:
According to the AFPM, imports of Russian crude oil have increased since 2019,
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