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with brent crude at 93 dollars today
Posted on 10/5/22 at 3:38 pm
Posted on 10/5/22 at 3:38 pm
Looks like OPEC wants the price a lot higher than the 90 dollars they claim.
Too bad there is nothing the USA and Canada could do to counter this.
I guess wind and solar are the only options available to the govt.
Too bad there is nothing the USA and Canada could do to counter this.
I guess wind and solar are the only options available to the govt.
11
Posted on 10/5/22 at 3:46 pm to Tiger Roux
What did you have in mind?
Posted on 10/5/22 at 3:48 pm to Tiger Roux
This is what the left wants. High oil prices so people are de facto forced into electric cars.
Posted on 10/5/22 at 3:49 pm to Tiger Roux
quote:
with brent crude at 93 dollars today
Brent sounds like a nerd
Posted on 10/5/22 at 3:50 pm to Colonel Angus
Not before the midterms they don’t
Posted on 10/5/22 at 3:50 pm to The Boat
Brent's jokes make everyone feel awkward.
Posted on 10/5/22 at 3:52 pm to Tiger Roux
They better figure it out before November. Those releases from the SPR aren't looking so hot right now.
Posted on 10/5/22 at 4:08 pm to Tiger Roux
quote:
brent crude at 93 dollars
This post was edited on 10/5/22 at 4:13 pm
Posted on 10/5/22 at 4:09 pm to redstick13
quote:
North America Rig Count. In January 2019, rig count in North America (the United States and Canada) totaled 1,241. The figure was higher than 1,219 in December 2019 and 1,215 a year ago.
This on top of Offshore GOM investment being stagnant, is a big part of the reason we are in the shape we are in .
After the election we will have to put 100's of millions of barrels back into the SPR.
Posted on 10/5/22 at 4:13 pm to Tiger Roux
Not too long ago the OT told me that expensive oil and gas was good for LA and low prices are bad. What's changed?
Posted on 10/5/22 at 4:14 pm to Tiger Roux
Probably a big FU from the Sunni opec members and Russia since Biden has been dumping money into Ukraine and trying to force a “nuke deal” with Iran.
Posted on 10/5/22 at 4:14 pm to Tiger Roux
quote:
After the election we will have to put 100's of millions of barrels back into the SPR.
You really believe that?
Posted on 10/5/22 at 4:15 pm to jbgleason
quote:
Not too long ago the OT told me that expensive oil and gas was good for LA and low prices are bad. What's changed?
Na. Not expensive but $75-90/bbl is good for Louisiana. Keeps gas prices manageable while letting companies invest in projects.
Posted on 10/5/22 at 4:18 pm to The Boat
quote:
Brent sounds like a nerd
He isnt a nerd. He is just crude.
Posted on 10/5/22 at 4:18 pm to Tiger Roux
quote:
Looks like OPEC wants the price a lot higher than the 90 dollars they claim.
They're building a new city and F1 track.
Need those dallah bills.
Posted on 10/5/22 at 4:21 pm to Tiger Roux
The rig count was already on the decline in 2019, before the pandemic, due to a decline in global demand. A more realistic comparison would be what the rig count was just before the pandemic shut down global economies, which was 793 in March of 2020. By August of 2020 the North America rig count dropped as low as 244 rigs, total.
Not sure why you picked January of 2019 as a rig count number to use.
Not sure why you picked January of 2019 as a rig count number to use.
Posted on 10/5/22 at 4:28 pm to Tiger Roux
O&G baws getting richer.
Posted on 10/5/22 at 4:31 pm to redstick13
[quote]Not sure why you picked January of 2019 as a rig count number to use.
Just trying to counter your point that 900 current rigs working was some high number.
Let's not forget how much a 30 inch pipeline (keystone) could be bringing to our refineries every day.
900 k per day.
Just trying to counter your point that 900 current rigs working was some high number.
Let's not forget how much a 30 inch pipeline (keystone) could be bringing to our refineries every day.
900 k per day.
Posted on 10/5/22 at 4:36 pm to PlurBrah
quote:
Not before the midterms they don’t
OPEC has basically told Brandon to go frick himself. Turns out the Saudi’s don’t like being called savage murderers and the US working on an agreement with Iran that basically assures the world’s largest state sponsor of terrorism will have its own nukes in a few years. And when Brandon went begging the Saudi’s to raise production a few months ago they laughed at him. Now they’re aiming to have oil around $100 per barrel sooner rather than later.
Posted on 10/5/22 at 4:41 pm to Tiger Roux
The way to beat OPEC and Russia is to pump the shite out of American oil. We can do it better and surprisingly to me cheaper than them.
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