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Message
re: why are we importing any oil ????
Posted on 3/4/22 at 6:58 pm to TutHillTiger
Posted on 3/4/22 at 6:58 pm to TutHillTiger
Because foreign oil doesn’t have any pollutants, only American oil.
FJB and his band of thieves
FJB and his band of thieves
0
Posted on 3/4/22 at 6:58 pm to TutHillTiger
The real fun is the price of natural gas in Europe right now.
Posted on 3/4/22 at 7:06 pm to TutHillTiger
quote:
net exporter
Look up the definition of this word.
Posted on 3/4/22 at 7:08 pm to fightin tigers
quote:
All oil isn't the same Very basic answer
This is the right answer. The most economic feeds aren’t always in the US. Additionally feeds are not just “crude oil”. It also comes in the form of VGO, Straight runs, Fuel oil. Many of those are extremely discounted internationally
Posted on 3/4/22 at 7:16 pm to TulaneUVA
Also add in a refined barrel of oil is larger than a barrel of crude....
But that really doesn't have to do with this.
But that really doesn't have to do with this.
This post was edited on 3/4/22 at 7:17 pm
Posted on 3/4/22 at 7:43 pm to TutHillTiger
Global warming you racist!
Posted on 3/4/22 at 7:49 pm to TutHillTiger
Even the person with the most skin in the electric vehicle game admits we need oil.
Posted on 3/4/22 at 8:10 pm to TutHillTiger
quote:
I thought that years ago we became energy independent and net exporter? Did this change ?
The week Biden took office he cancelled the Keystone and banned oil drilling in national lands. USSC ruled that his ban on new oil lease sales is unconstitutional but has still refused to do so.
Posted on 3/4/22 at 8:15 pm to TutHillTiger
Different refineries are set up to run different types of oil. Most of the oil that comes from Russia is not crude oil. It's a type of fuel oil that is left over from refining crude. Poorer nations use it for heating oil. Many refineries on the Gulf Coast buy it because it is cheap and they make diesel out of it. Nevermind the fact that they can't just run stateside oil through the same units, but if they could then it's just costing them more to make the diesel. Guess who would end up paying the difference?
ETA: Presidents have little control on oil prices. It's cyclic. When oil is down, politicians use it to blame loss of jobs. When oil is up, politicians use the high price of gas to blame for the economy.
ETA: Presidents have little control on oil prices. It's cyclic. When oil is down, politicians use it to blame loss of jobs. When oil is up, politicians use the high price of gas to blame for the economy.
This post was edited on 3/4/22 at 8:20 pm
Posted on 3/4/22 at 8:19 pm to TulaneUVA
quote:
This is the right answer. The most economic feeds aren’t always in the US. Additionally feeds are not just “crude oil”. It also comes in the form of VGO, Straight runs, Fuel oil. Many of those are extremely discounted internationally
While this is all true, unfortunately it doesn’t seem like many people understand refinery economics well enough to grasp why this is all significant. If they did, they wouldn’t be asking question in the first place.
I think there’s a simpler answer: commodities trade on a global market. Period. Refiners around the world the globe can (and do) buy crude oil from producers around the world.
As an aside, it’s funny how everyone associates low prices with energy independence when in fact it’s the low prices (brought on by OPEC flooding the market) that turned the US back into a net importer.
Posted on 3/4/22 at 8:59 pm to TutHillTiger
Because we cannot use a lot of that tight shale production. It is too light to refine without blending with heavy. Thus, we have to export it where it is used to cut heavy oil in other nations. We are getting everything that Canada produces in heavy and very heavy crude along with Mars offshore to blend with it.
Posted on 3/4/22 at 9:00 pm to CitizenK
Furthermore much if it would classed as condensate anywhere else in the world and NOT crude oil. Thank Congress for legally changing it to crude oil in the 1970's when it banned exports except from AK and CA.
Posted on 3/4/22 at 9:04 pm to TutHillTiger
Because this administration does not want companies to be able to extract oil and gas from public lands (the federal government basically owns 3/4 of the undeveloped land west of the Mississippi as well as all the off shore oil).
Posted on 3/4/22 at 11:32 pm to Buck_Rogers
quote:
ETA: Presidents have little control on oil prices. It's cyclic. When oil is down, politicians use it to blame loss of jobs. When oil is up, politicians use the high price of gas to blame for the economy.
You people will come up with any kind of bullshite to defend shitty domestic policy by a shitty administration you elected. It's perverted.
Says Joe Biden “just announced on CNN he will completely shut down drilling for oil and natural gas on day one of his administration.”
But nah, the president has little impact.
frick you a-hole.
Posted on 3/4/22 at 11:46 pm to tgrgrd00
I'm no Biden fan, but I'm also not a fool. Remember when we invaded Iraq and the liberals claimed Bush did it for the cheap oil, yet oil skyrocketed? Enjoy living in the dark and being a dumbfuk. I'll keep living in reality. And FYI, we (as in U.S. refineries) were buying oil from Russia even during the Cold War.
This post was edited on 3/5/22 at 12:13 am
Posted on 3/4/22 at 11:54 pm to TutHillTiger
Who is "we"? Businesses import oil.
Posted on 3/5/22 at 12:01 am to TutHillTiger
FJB
Posted on 3/5/22 at 12:31 am to tgrgrd00
quote:
You people will come up with any kind of bullshite to defend shitty domestic policy by a shitty administration you elected. It's perverted.
The guy you replied to was just pointing out how the industry works. It amazes me how some people can be so blinded by politics that a simple statement about the nature of the oil & gas industry elicits this type of response.
quote:
Says Joe Biden “just announced on CNN he will completely shut down drilling for oil and natural gas on day one of his administration.”
But nah, the president has little impact.
Yet somehow the number of drilling rigs in operation in the US has nearly doubled since he took office.
quote:
frick you a-hole.
You sound like a miserable prick.
Posted on 3/5/22 at 12:49 am to TutHillTiger
Opportunity cost and comparative advantage
Posted on 3/5/22 at 1:06 am to JohnnyKilroy
quote:
his first post has 12 dvs
Maybe he should have edited that post then.
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